Beursorder

EURUSD - Week of Sep 23,2016

FX:EURUSD   Euro Fx/U.S. Dollar
39 0 1
Price action this week was dominated by better than expected CPI             numbers. And we sure have another volatile week ahead of us.

Sept 21: FOMC Rate decision
Sept 22: Mr. Draghi speaking

My guess is that FOMC will not raise rate for now. However they will be passing the message to the markets a rate hike is to be expected in December. Such an hawkish message could put more pressure on EURUSD             in the short term.

My Playbook for the week ahead:
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I will not take on any position in EURUSD             until market direction is clear. Daily chart is indicating a possible long if the triangle is not being broken. However, due to the high impact news , I will not solely rely on technicals.
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