TradingView
Sforex
May 12, 2014 4:22 AM

EURUSD NEXT WEEK: CPI ON THURSDAY  

Euro Fx/U.S. DollarFXCM

Description

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.

facebook.com/sforexsingals
Comments
pantera3k
According Stochastics and Moving Averages it's still bearish. May the next Thursday bring price down to 23.6% of FB on your chart?
More