EUR/USD Trend with Events of Week

fxcapitalvia

Newbie
4 0
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
  • EUR/USD remained subdued around 1.3800 last week
  • MACD and Slow Stochastics show balanced, two-way trade
  • Next week’s major data releases should inject some volatility

Shared by: Marketlive365.com
 
 
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