Eur/Usd performance for next week?

Hi guys.

I was wondering what your opinions were on how the Eur/Usd pair will play out next week and beyond.

I bought at 1.35306 and it is now at 1.35395. I'm hoping it continues to rise but I'm not sure whether it is going to continue to drop and this is a mere short pause before it does.

What are your opinion on this?

Also how would I do fundamental analysis on currency pairs? Where is best to look and what could I be looking for?

Thanks guys.

Hi micky, couple of news events next tuesday, retail sales figures in the usa, may shake the usd short term.
Other than that, have a read of nvp's correlation thread here on t2w and how the dow affects the usd.

here is a news events calendar to help you on your way. http://www.forexfactory.com/calendar.php

mike. said:

Hi micky, couple of news events next tuesday, retail sales figures in the usa, may shake the usd short term.
Other than that, have a read of nvp's correlation thread here on t2w and how the dow affects the usd.

here is a news events calendar to help you on your way. http://www.forexfactory.com/calendar.php

Click to expand...

Thank you, that'll come in handy.

So if the sales figures are lower than projected it could drop more and If they're higher then it might rise?

On the calender, any news event that is labelled in red has a potential high impact, nothing is set in stone as you may well know. The market will react before you hear the retail figures then often retrace back again. Just expect a bit more volatility around the news release than normal.