Sforex
Short

EURUSD: The sideway period nearly ends, prepare for downside.

FX:EURUSD   Euro/U.S. Dollar
271 0 2
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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