Sforex

EURUSD NEXT WEEK: CPI ON THURSDAY

FX:EURUSD   Euro Fx/U.S. Dollar
332 1 2
Look at on the chart, two main trend lines : E/U crossed through one trend line . If it breaks next trend lines . bearish confirmative.

Next week, the key data is CPI             of EZ onn Thursday because it will decide what the next action             of ECB next June. If CPI             is positive,ECB might hesitate in dragging down Euro             , but if CPI             is negative, you should not hesitate in SHORT agressive E/U because It pushes Mario Draghi takes action             to fight the deflation in EZ.

Good luck.

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According Stochastics and Moving Averages it's still bearish. May the next Thursday bring price down to 23.6% of FB on your chart?
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