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Full of fundamental events this week may cause trading within the range of EURUSD

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  • Full of fundamental events this week may cause trading within the range of EURUSD

    EURUSD (1.1334)
    Trend: Neutral
    Support/Resistance: 1.1260 - 1.1500
    The new week start with interesting news from Monday. The important IFO report followed by ECB President Draghi's Speech may set a new direction of the trading. On Wednesday we will focus over the United States GDP (Q3) and CPI. A large number of fundamental events will follow on Thursday as the most important is FOMC Minutes. Friday will end with key events for Euro Zone like Unemployment rate and CPI Index. All these events will cause moves into both directions.
    World-Signals.com trading strategy this week is to trade within the trading range and use both directions for trading. If the trading of EURUSD breaks below 1.1260 then expect levels of 1.1100.
    World-Signals.com - Forex, Stock, Energy and Metal signals to the world
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