The US employment report will be published on Friday.
Analysts’ forecasts are to an increase of 195 thousand persons in employment in February.
If the report data would be stable, as predicted by analysts, the chances of a US interest rate rise next week by the Federal Reserve will be higher.
Central banks of China and Europe will publish this week the interest rate decision for March.
China lowered its growth targets to the year of 2017 due to the continued slowdown in the world’s second largest economy and the government’s attempt to promote reforms that will protect the country from financial hazards.
The Prime Minister of China said that the country’s economy is expecting a grow of 6.5% this year.
The ECB is expected to leave interest rates unchanged.
The Bank will continue the policy of quantitative easing, it was announced by the Bank President Mario Draghi in December.
However, inflation in the Euro zone in February amounted to 2%, the target set by the bank while the underlying inflation in the Euro area remained unchanged for the third month in a row , 0.9%.
These figures present a challenge for the Bank in choosing the correct monetary stimulus.
On 4 hours the pair is making his way to a support area, around the level of 1.2345.
An opportunity to enter with a CALL trade can get under way as long as the pair doesn’t brake down this support area, and after the pair will broke the diagonal resistance line, around the level of 1.2400.