EURUSD changed the trend into upward-trading strategy this week

FX:EURUSD   Euro / U.S. Dollar
The markets were surprises in the last week with European Central Bank (ECB) decision to cut the main Refi rate with 5 basis points to 0.00%. The deposit rate cut with 10 basis points to -0.40%. In a moment when United States raises the interest rates with 25 basis points to 0.50% ECB reaction was a shock for the investors.
The Euro             gains over 200 pips in spite the rising divergence between USA and Europe interest rates politic. Additional ECB raise the monthly asset purchase program to EUR 80 billion from 60 billion.
The market accepts these steps as support for the Euro             Zone growth and the investors prefer to buy Euro             .
There are few economic events that will send new signals for the situation in the Euro             Zone like Monday's Industrial Production at 10:00 GMT             , CPI             and Trade Balance of Euro             Zone on Thursday at 10:00 GMT             and the most important event for the week is Non-monetary policy's ECB meeting on Wednesday at 8:00 GMT             .
On the other side of the Atlantic the key events that recommends to focus your attention are Retail Sales and PPI on Tuesday at 12:30 GMT             . On Wednesday there are several important events at 12:30 GMT             like CPI             , Housing Starts, Building Permits, Industrial Production at 13:15 GMT             and Fed Interest Rate Decision at 18:00 GMT             with the press conference at 18:30 GMT             .
The technical analysis shows that the key support is formed at 1.0820 followed by 1.1080 as the resistance is at 1.1220 and 1.1375. trading strategy this week is to open long positions using the first support at 1.1080.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out