Whats important tomorrow
Mario draghi's speech.
ECB president, Mario Draghi, is speaking tomorrow at around 2:00pm gmt. His speech always has high impact on euro.
This news is very important for eur/usd traders because at this time eur/usd is unpredictable. Mario draghi might make it predictable by either pushing it or pulling it.
On last two days of this week, eur/usd showed strong bearish trend. Looks like, eur/usd is out of range-bound movements. After crossing major support level of 1.2956, it retraced back and now trading at 1.2990. I am expecting it to go to 1.2750 next week
The good or ill of a man lies within his own will. – Epictetus
Originally posted by ironicalOn last two days of this week, eur/usd showed strong bearish trend. Looks like, eur/usd is out of range-bound movements. After crossing major support level of 1.2956, it retraced back and now trading at 1.2990. I am expecting it to go to 1.2750 next week
Sliggish start this week. Today it is slightly bullish but overall trend is still bearish. I agree with 1.2750 expectations.
Eur/usd and gbp/usd are into strong bearish mode.
In longterm eur/usd is range-bound. Breakout is expected to occur in favor of bears.
It looks like gbp/usd is now resuming the expeceted bearish trend and may cross 1.5100 level tomorrow.
Stick to your rules
Originally posted by uniquetraderEur/usd and gbp/usd are into strong bearish mode.
In longterm eur/usd is range-bound. Breakout is expected to occur in favor of bears.
It looks like gbp/usd is now resuming the expeceted bearish trend and may cross 1.5100 level tomorrow.
I agree. Both pairs are under strong bearish pressure. Eur/usd is out of range-bound movements after recent quick bearish move and is expected to remain bearish for the rest of the week.