ForexTrendline

Important week for EURUSD

FX_IDC:EURUSD   Euro / Dollar AS
Last week ECB announced the Interest rate, now is FED's turn.

A new increase up to 5% is expected and this is the most important news at the moment.

Often before such news the direction is unclear and we see misleading movements.

In such a case, it is advisable to wait for confirmation and passage of the news before entering into trades.

The more likely direction remains for strong USD and we will be looking for grounds and entry opportunities.

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