In the US, Personal Spending, monthly value of all consumer’s inflation-adjusted, is about to rise by 0.1% up to 0.2%. And similar rise is predicted in the Personal Income of 0.3% up to 0.4%.

In the US, Unemployment Claims, weekly report for the new unemployment insurance, due to rise from 364K up to 372K.

In the US, New Home Sales, monthly indicator to value the number sold households, 313K is likely with no change from the previous month.

In the US, Durable Goods Orders, an important indicator to value the manufacturers’ durable goods orders on the passing month, significant reduce from 4.1% on August to -0.4% this time. And on the Core Durable Goods Orders (without transportation items) we see the same direction reduce from 0.8% to 0.2% this month.

In the US, Pending Home Sales, report that released monthly to measure the homes that are under contract to be sold, reductions from 2.4% on July to -0.8% this month.

In the US, Durable Goods Orders, leading measurement to value the difference in new purchase orders that were made by builders, a reduce from 2.1% on June to 0.4% this time is expected and on the Core Durable Goods Orders (excluding transportation items) is due to reduce by 0.2% from 0.5% last month to 0.7%.

On Friday, EUR/USD even approached the next resistance line, after clearing the all important 1.3440. Is this rise justified?

Europe’s second largest economy, France, isn’t far from danger – it could also be downgraded. Credit downgrades and warnings definitely hurt the Euro in the past week. Will it continue lower? Let’s start:

Employment, inflation and many other releases will shape the direction of the strengthening Euro in the upcoming week. Here’s an outlook for the European events, and an updated technical analysis for EUR/USD.

EUR/USD  daily graph with support and resistance lines marked. Click to enlarge: