capitalpropertiesfx

EURUSD - ahead of the German Data (Short-term)

FX:EURUSD   Euro/U.S. Dollar
354 0 1
We have a ton of data coming out from EZ, including German CPI             , Unemployment Change + Unemployment rate. Ahead of the events, EURUSD             has formed a small H&S pattern, which is NOT high probability pattern in this situatsion as current trend is clearly down.

A wise move here would be to wait until all the data is released to see how the pair reacts because chances are that the EZ data will be disappointing.
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