Weekly Strategy - Trump - Kim Chen Un meeting and Fed interest rates decision on focus this week.
EURUSD (1.1796)
Trend: Neutral/Downward
Support/Resistance: 1.1510 - 1.1890
The politic is more important this week than the fundamental events. Probably the event for the year is the expecting meeting on Tuesday in Singapore between Trump and Kim Chen Un. The results by the Singapore meeting are important for the forex market and the Dollar.
The other key event is from the last week in Canada. The faction in the Group of G7 will cause influence over the financial markets and mainly in Euro - Dollar.
The major fundamental event is schedule for Wednesday FOMC Interest rates decision. It is widely expecting Fed to hike the interest rates with 25bps to 2.00%. ECB interest rates decision is schedule for Thursday but is not expecting changes.
As overall the events may support the Dollar as we can see levels again back down to the key support at 1.1510. Our trading strategy this week as overall is to trade into neutral direction and after the mid of the week into downward direction.
EURUSD (1.1796)
Trend: Neutral/Downward
Support/Resistance: 1.1510 - 1.1890
The politic is more important this week than the fundamental events. Probably the event for the year is the expecting meeting on Tuesday in Singapore between Trump and Kim Chen Un. The results by the Singapore meeting are important for the forex market and the Dollar.
The other key event is from the last week in Canada. The faction in the Group of G7 will cause influence over the financial markets and mainly in Euro - Dollar.
The major fundamental event is schedule for Wednesday FOMC Interest rates decision. It is widely expecting Fed to hike the interest rates with 25bps to 2.00%. ECB interest rates decision is schedule for Thursday but is not expecting changes.
As overall the events may support the Dollar as we can see levels again back down to the key support at 1.1510. Our trading strategy this week as overall is to trade into neutral direction and after the mid of the week into downward direction.
