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EURUSD is to start this week in consolidation
Category: Forex Forecasts & Signals
Posted by on January 8, 2018 at 07:45 AM
In the full business week for 2018 EURUSD start in consolidation at levels about 1.20.
The consolidation is fact after key Non-farm payroll report on Friday.
The power of the Euro is about the end while the dollar receives positive signals to restart the gains towards 1.16.
In the coming week the most important event to focus is Non-monetary policy’s ECB meeting on Tuesday with ECB Monetary Meeting Accounts on Thursday.
The key economic events for United States are schedule for Friday Retail Sales and CPI. trading strategy this week is to trade into neutral direction within trading range of 1.1920 - 1.2085.
After the mid of the week is possible to start new trend as if we see break below 1.190 then the target is at 1.1860.

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