As we know the US dollar was escalating his price over the Euro in the last week. The problems are to be continued about the Euro zone from Brexit and the new terrorist attacks are heating up the measures about the security of EU. As the fear of terrorist attacks is escalating, the stability of Euro will be fragile. The most important event of this week will be the Fed Interest Rate Decision in the US.
As we speak expect data about GDP and CPI for the second quarter half of this year. We predict several attempts for attack this week with key support level at 1.0910 mainly from the ref in England. At any chance we expect very close positioning about 1.0910 level and testing for this week.
First level of resistance will be around 1.1025, followed by 1.1060. Our team's trading strategy for the upcoming week is trading EURUSD, using the first key of resistance level and opening a short position with main objective 1.0910 and below.
You should be aware of the risks involved in the foreign exchange (FX) market. The material contained here must be used at your own risk. Said material is believed to be reliable, but neither www.World-Signals.com, nor any of its employees guarantee its accuracy or validity, nor are they responsible for any errors or omissions, which may have occurred. The forex, stock, gold and crude oil signals, analysis, and recommendations made by www.World-Signals.com, and any of its employees do not provide, imply, or otherwise constitute a guarantee of performance. All contents, signals, analysis and recommendations are based on data and sources believed to be reliable, but accuracy and completeness cannot be guaranteed. It should not be assumed that future results will be profitable or will equal past performance, real, indicated or implied. Past performance is not indicative of future performance. The World-Signals website and material contained therein is not a solicitation to participate in the FX market. You understand and agree that World-Signals shall not be liable for any direct, indirect, incidental, special, or consequential damages, including but not limited to, damages for loss or profits, goodwill, use, data or other intangible losses. You agree not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of our services, or access to our services.
Recommended Content
Editors’ Picks
EUR/USD drops below 1.0800 after German Retail Sales data
EUR/USD has come under fresh selling pressure and trades below 1.0800 after the data from Germany showed that Retail Sales declined by 1.9% MoM in February. Resurgent US Dollar demand is adding to the downside in the pair. US data are next in focus.
GBP/USD stays weak near 1.2600 amid market caution
GBP/USD remains defensive near 1.2600 in European trading on Thursday. The hawkish tone from Fed Governor Christopher Waller keeps the US Dollar afloat amid a cautious trading environment ahead of key US data releases and the Good Friday trading lull.
Gold price holds strength ahead of US core PCE inflation
Gold price holds onto gains near $2,200 in Thursday’s European session. The precious metal exhibits firm footing ahead of the United States core PCE Price Index data for February, which will be published on Friday.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.