HELLO DEAR TRADERS,
I WOULD LIKE TO TELL YOU SOME OF THE MAJOR EVENTS TAKING PLACE FROM PAST WEEKS.FIRSTLY WITH ALL THE POSITIVE DATA'S FROM THE UNITED STATES & NO RELEASES FROM THE EURO ZONE THE PAIR IS LIKELY TO CONTINUE ITS DOWNTREND.THE FED'S REACHING THEIR TARGET OF RISING THE INFLATION RATE TO 2%.ALL THE OTHER DATA'S FROM THE UNITED STATES LIKE CPI ,PPI ,INDUSTRIAL MANUFACTURING DATA ,UNEMPLOYMENT RATE ,INITIAL JOBLESS CLAIMS ARE UP TO THE EXPECTATIONS OF THE FEDERAL RESERVES BOARD.AFTER THE TESTIMONY OF FED CHAIR YELLEN THE PAIR CONTINUED T0 RALLY UPWARDS LOOSING ITS GROUND AGAINST THE EURO DESPITE OF STRONGER THAN EXPECTED US DATA.MAJOR AGENDA TO FOCUS ON IS THE PRESIDENT OF UNITED STATES DONALD TRUMP'S TAXATION POLICY COMING UP WITH SECURITY,TREASURY & MORE LIKELY FOR MANUFACTURING THAT COULD HELP INCREASING THE INFLATION RATE UP TO 2% IN THE NEAR FUTURE.THUS MAKING THE US DOLLAR TO HOLD ITS GROUND FIRMLY AGAINST ITS MAJOR RIVAL.
TECHNICALLY THE PRICE IS STILL INSIDE THE BEARISH CHANNEL & CAN CONTINUE ITS WAY SOUTHWARDS & A BREAK ABOVE THE PREVIOUS HIGH OF 1.0828 CAN POSSIBLE CHANGE THE DIRECTION OF EUR/USD.
FOR MORE DETAILS STAY TUNED TO US & DON'T FORGET TO HIT LIKE BELOW FOR QUERIES YOU CAN COMMENT US OR PM.
REGARDS,
GROWING FOREX,
MAKING FUTURE INDEPENDENT.
I WOULD LIKE TO TELL YOU SOME OF THE MAJOR EVENTS TAKING PLACE FROM PAST WEEKS.FIRSTLY WITH ALL THE POSITIVE DATA'S FROM THE UNITED STATES & NO RELEASES FROM THE EURO ZONE THE PAIR IS LIKELY TO CONTINUE ITS DOWNTREND.THE FED'S REACHING THEIR TARGET OF RISING THE INFLATION RATE TO 2%.ALL THE OTHER DATA'S FROM THE UNITED STATES LIKE CPI ,PPI ,INDUSTRIAL MANUFACTURING DATA ,UNEMPLOYMENT RATE ,INITIAL JOBLESS CLAIMS ARE UP TO THE EXPECTATIONS OF THE FEDERAL RESERVES BOARD.AFTER THE TESTIMONY OF FED CHAIR YELLEN THE PAIR CONTINUED T0 RALLY UPWARDS LOOSING ITS GROUND AGAINST THE EURO DESPITE OF STRONGER THAN EXPECTED US DATA.MAJOR AGENDA TO FOCUS ON IS THE PRESIDENT OF UNITED STATES DONALD TRUMP'S TAXATION POLICY COMING UP WITH SECURITY,TREASURY & MORE LIKELY FOR MANUFACTURING THAT COULD HELP INCREASING THE INFLATION RATE UP TO 2% IN THE NEAR FUTURE.THUS MAKING THE US DOLLAR TO HOLD ITS GROUND FIRMLY AGAINST ITS MAJOR RIVAL.
TECHNICALLY THE PRICE IS STILL INSIDE THE BEARISH CHANNEL & CAN CONTINUE ITS WAY SOUTHWARDS & A BREAK ABOVE THE PREVIOUS HIGH OF 1.0828 CAN POSSIBLE CHANGE THE DIRECTION OF EUR/USD.
FOR MORE DETAILS STAY TUNED TO US & DON'T FORGET TO HIT LIKE BELOW FOR QUERIES YOU CAN COMMENT US OR PM.
REGARDS,
GROWING FOREX,
MAKING FUTURE INDEPENDENT.