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EURUSD is to start this week in consolidation

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  • EURUSD is to start this week in consolidation

    In the full business week for 2018 EURUSD start in consolidation at levels about 1.20.
    The consolidation is fact after key Non-farm payroll report on Friday.
    The power of the Euro is about the end while the dollar receives positive signals to restart the gains towards 1.16.
    In the coming week the most important event to focus is Non-monetary policy’s ECB meeting on Tuesday with ECB Monetary Meeting Accounts on Thursday.
    The key economic events for United States are schedule for Friday Retail Sales and CPI.
    World-Signals.com trading strategy this week is to trade into neutral direction within trading range of 1.1920 - 1.2085.
    After the mid of the week is possible to start new trend as if we see break below 1.190 then the target is at 1.1860.
    World-Signals.com - Forex, Stock, Energy and Metal signals to the world

  • #2
    The pair is very bearish currently and if it keeps dropping it will reach 1.1900, I think.

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    • #3
      EUR/USD has almost reached 1.1900 and is still very bearish. I think a breakout below that support could lead to a drop to 1.1820.

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      • #4
        The pair rallied above 1.2000 and it may continue rallying towards 1.2100 or even above that level.

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