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EURUSD is in consolidation till Friday Nonfarm payroll report
Category: Forex Forecasts & Signals
Posted by on May 28, 2017 at 12:55 PM
This week start with a holiday in United States - Memorial Day. But the focus on Monday is at 13:00 GMT ECB President Draghi's Speech.
EURUSD trading in the last week is almost flat and in consolidation process of 1.1150-1.1260. The Euro lost the initiatives to gain against the dollar as the consolidation process may continue till Friday when is the one of the most important data from United States. At 8:30 AM Eastern Time on Friday expects the important Nonfarm Payrolls and Unemployment rate.
The next key events this week are on Wednesday Fed's Beige Book and ISM Index. trading strategy this week is to trade into a consolidation line 1.11-1.13 and expect Friday's data for a new direction of EURUSD.

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