Banjo, where are you looking for important economic calendar CPI, GDP, etc in EU? These messages are disturbing me a lot in my scalping (I always feel like fisher in small boat in tsunami) so I wish I could avoid trading when data are released...
http://www.forexfactory.com/index.php?page=calendar use this site, French GDP came in warm, we have EUR #'s @ 5:00 est as you can see. Also Trichet speaks @ 7:40 , he will pull his "very hawkish on inflation" speech out of his briefcase after these #'s.
Is not missing "i" in last word? There is very strong resistance a bit above us on daily - 20 period EMA what is highest EMA in this situation. It needs usuall good momentum go above last EMA in such situation. I am very curious if we can - be carefull, we can fall from there violently.