New bad news about the EU are charging the already strong dollar
|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.
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