The EURUSD keeps hanging around 1.1900, in the experience, this happens when the market is preparing to move or extend to the upside.
However, the market is very anxious, fears of delta variant, inflation, and growth expectation, keeping the dollar stable for the time being.
After the FED meeting last week and what Mr. Powell said and tried to convince the market to calm down lead to expect a weaker dollar but clearly the market is not convinced.
Looking forward for potential buy setup between 1.1900-1.2100 area
This is a Non-Farm Payrolls week and it will determine a lot of things.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
However, the market is very anxious, fears of delta variant, inflation, and growth expectation, keeping the dollar stable for the time being.
After the FED meeting last week and what Mr. Powell said and tried to convince the market to calm down lead to expect a weaker dollar but clearly the market is not convinced.
Looking forward for potential buy setup between 1.1900-1.2100 area
This is a Non-Farm Payrolls week and it will determine a lot of things.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.