EURUSD Previewing the Week Ahead

Last week we saw some major USD weakness across the board as COVID19 case numbers continued to grow causing concerns about the future outlook.

Gold also topped the highest level since 2011 closing out the week just above the 1900 handle.

This week we do have some major market movers on the docket including GDP, Employment Change and CPI from the Euro Area.

Wednesday will be the most anticipated watched event as the FED releases their next interest rate decision and addresses their intentions for further supporting the U.S economy with additional stimulus measures.

Hang on to your seat-belts folks, I'm expecting it to be a rough ride this week with EURUSD.

Trade Safe - Trade Well
Regards,
Michael Harding - Chief Technical Strategist @ LEFTURN Inc.