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Draghi and Yellen are on focus this week for further EURUSD trend
Category: Forex Forecasts & Signals
Posted by on November 18, 2017 at 04:04 PM
The Euro and Dollar is in process of waiting for a new direction. The reason is that after more than one month of weak dollar and partially recovery of the dollar is time for new events to put the new trend. In the coming week the news come first on Monday when at 14:00 GMT is ECB President Draghi's Speech and on Tuesday at 23:00 GMT Fed's Yellen Speech.
On Wednesday also recommend to focus over FOMC Minutes that may send another signals for interest rates changes in United States. USA inflation will cause 0.25% interest rates hike in the next Fed meeting or latest within 3-months ahead.
At the same time ECB probably will hold the interest rates at the same level as long as possible.
There is not clear indicator for the trend this week as we recommend to trade after the key news on Monday and Tuesday with the new trend. We will use the trading idea to buy EURUSD at 1.1680 with target above 1.1870.

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