EUR/USD Trend with Events of Week

Trading Discussion
1

EUR/USD Trend
The EUR/USD has seen a very lackluster last two weeks of trade, with the pair consolidating in a tight range between about 1.3790 and 1.3860. As Kathleen Brooks noted last week, EUR/USD volatility has fallen to a multi-year low, though with a highly-anticipated Eurozone CPI release on tap, in addition to a data-packed US economic calendar, this week should be more exciting. As you would expect after a slow two weeks, both the MACD and Slow Stochastics are neutral, indicating balanced, two-way trade. For this week, a break above near-term resistance at 1.3860 could target the recent highs near 1.3900 or 1.3965, while a bearish break below 1.3790 may expose 1.3700 or 1.3670 support next.

Events of Week:
[ul]
[li]EUR/USD remained subdued around 1.3800 last week
[/li][li]MACD and Slow Stochastics show balanced, two-way trade
[/li][li]Next week’s major data releases should inject some volatility
[/li][/ul]
Shared by: Marketlive365.com

2

Even though the EURUSD tried to rally for today, the pair it still very undecided and it is most likely waiting for the release of wednesday fundamental data out of the US and friday’s NFP report.

3

Yes is in holding pattern in a tight range. Let’s see if next week we have a clean direction!

4

Definetely just waiting for the reaction of the EURUSD during NFP.

5

I’m with you. This is the time to wait and not to be gambling.