My Trading plan for the coming week

  • There is little (important) data at the beginning of the week, then later on we get Gbp interest rate decision, but there is no change expected there. The lack of market moving data makes me think that the market will stay within a tight range the coming week, and probably follow the trend-in-place.
  • US data remains the strongest, and the shift in the forex market is now bullish Usd\
  • Eur remains weak, and downtrend after a failiure to break back up through 1.37 will keep pressure on Eur/Usd - the Usd growing strength against Chf will also weigh down on the cross, and a retest of the 1.35 area looks almost certain now

So, there it is:

Either I sell Eur, or buy Usd

I will be looking for pairs and crosses that are technically interesting, and involve one of these currencies

Gl, all
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