The euro market is from a technical perspective and based on the daily charts in the movement phase of a downtrend. However, the recent price development is not typical for this phase trend, since it is dominated instead by dynamic and sustainable movement of an undecided trade, the current flows in the area of ​​the 1.35 mark he repeated in a series of internal rods. The outdoor bar (daily from 16.11 candle.) Highlighted a range from 1.3557 to 1.3429 U.S. dollars, which for the past week could not overcome the long term. As long as the daily closing prices remain within this range, is expected to further inner rods, which can typically be tenacious and are characterized by constantly changing trade directions (doji) and false breakouts from the range of the outer rod. A close outside this range could, however, be interpreted as a signal for the further price development. Impetus for today's trading and increased volatility are possible with the following industry events:
9:00 FR Service Index November
9:00 FR Purchasing Managers Index November
09:30 U.S. Service Index November
09:30 U.S. Purchasing Managers Index Manuf. November trade
10:00 EU euro zone services PMI November
10:00 EU Purchasing Manager Index Manuf. Euro zone industrial November
11:00 EU industrial orders September
14:30 U.S. orders for durable goods in October
14:30 U.S. October Personal Expenses
14:30 U.S. Weekly Jobless Claims (week)
15:55 U.S. November Consumer Sentiment University of Michigan
16:30 U.S. EIA oil market report (week)

EURUSD 11/23/2011 - daily