This week, main data are:
- US CPI
- ECB Meeting and EZ CPI data.
Here is my viewpoint:
- I expect US CPI will be positive.
- I hope ECB will be more dovish and likely they will talk about more stimulus as well as a negative EZ CPI data.
I also hope US stock market bounces from the low, so the bid Euro received recent weeks should end.
- Technical Analysis
I see EURUSD sideway in a tight range between 1.0800 and 1.100 : Just only 200 pips.
And one month in a thick Kumo cloud.
It's easy to understand for this high resilience because E/U is moving in Kumo "storm".
But this resilience nearly begins to finish at the end point of cloud.
I will SELL EURUSD through 1.0800 to 1.0700 level
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Sforex Solution: Do the right thing – Think the right way
- US CPI
- ECB Meeting and EZ CPI data.
Here is my viewpoint:
- I expect US CPI will be positive.
- I hope ECB will be more dovish and likely they will talk about more stimulus as well as a negative EZ CPI data.
I also hope US stock market bounces from the low, so the bid Euro received recent weeks should end.
- Technical Analysis
I see EURUSD sideway in a tight range between 1.0800 and 1.100 : Just only 200 pips.
And one month in a thick Kumo cloud.
It's easy to understand for this high resilience because E/U is moving in Kumo "storm".
But this resilience nearly begins to finish at the end point of cloud.
I will SELL EURUSD through 1.0800 to 1.0700 level
-------------------
F.B page: www.facebook.com/trackingforexsignals (tinyurl.com/jxayluk)
Web page: www.trackingforexsignals.com
Twitter: twitter.com/SforexSolution
Contact: admin@trackingforexsignals.com
Sforex Solution: Do the right thing – Think the right way