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  1. #1
    Join Date
    Feb 2016
    Posts
    68

    Default 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. #2
    CarlosR is offline Junior Member
    Join Date
    Jan 2018
    Posts
    10

    Default

    The euro crosses, except for EURJPY, are providing support to euro bulls during today’s Asian session. There’s one thing bothering me about this situation in fx economic calendar. Buyers aren’t afraid of the upcoming ECB meeting and Mario Draghi’s subsequent press conference. Either they know something about Mario’s speech that we don’t, or they’re simply confident of the greenback’s further decline.

    Last week, it was reported both by Reuters and Bloomberg that there wouldn’t be any changes to monetary policy at the ECB meeting on the 25th of January. Officials aren’t particularly fazed by the euro’s current upwards trajectory, but this does bring some ambiguity into the equation. Traders will once again be looking out for hints in Draghi’s rhetoric as to whether the bank’s stimulus programs could be curtailed.

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