Before going detailed analysis, I want to send strong and deep condolences to Paris' victims and France : a member of Eurozone.
This week, US data return with US CPI on Tuesday, some Mario Draghi speeches, and EZ CPI on Monday are the main focuses.
I shared my view about USDollar in the related ideas below, please check for more detail.
With what happens in Eurozone from economy to politics, I think Eurozone will continue sinking in crisis at least 5 years and likely EZ could be broken : that is the worse case.
Holding LONG position of EURUSD is a bad idea, the diviergence between FED and ECB more and more is wider , and this will drive EURUSD lower.
I still maintain bearish bias for EURUSD till the year low at 1.04500
Look at on the chart, last week, EURUSD bounced from the resistance 1.0800, this was a strong support and now it turns to a strong resistance. This week, I expect EURUSD will fall to 1.04500
This week, US data return with US CPI on Tuesday, some Mario Draghi speeches, and EZ CPI on Monday are the main focuses.
I shared my view about USDollar in the related ideas below, please check for more detail.
With what happens in Eurozone from economy to politics, I think Eurozone will continue sinking in crisis at least 5 years and likely EZ could be broken : that is the worse case.
Holding LONG position of EURUSD is a bad idea, the diviergence between FED and ECB more and more is wider , and this will drive EURUSD lower.
I still maintain bearish bias for EURUSD till the year low at 1.04500
Look at on the chart, last week, EURUSD bounced from the resistance 1.0800, this was a strong support and now it turns to a strong resistance. This week, I expect EURUSD will fall to 1.04500
