EURUSD trading strategy for week 1-5 February 2016

The new business week start with strong dollar after Bank of Japan cut interest rates to -0.10%. In Monday at 16:00 GM the key trader's focus is for ECB President Draghi's Speech. In Wednesday at 8:00 GMT is expecting Non-monetary policy's ECB meeting. The both events are important after BoJ new interest rates war. ECB President Draghi's Speech continues on Thursday at 8 GMT also. But the most important events this week are expecting from United States in Friday 13:30 GMT. The events are U.S. Nonfarm payroll that is expecting below 200K while last month the report was 292K and 275K for the private payrolls. At the same time is expecting U.S. Unemployment Rate at 5.0% the same like the last month. The technical analysis shows that the support is formed at 1.0780 and 1.0710 while resistance is at 1.0940. trading strategy is to sell close to the resistance level for target below 1.0780.

« More News