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Today, we don´t expect any major movements in the currency market. The only indicator that could push USD a little higher is Existing Home Sales, which is, however, predicted to be bit lower than the last time it was released. As the FEDs policy decision had been absorbed already, a sideways price pattern on all USD currency pairs is likely, at least until tomorrow, when we can expect some movement in AUD, as RBA Governor is speaking. Tuesday is also going to bring us important European data releases and English CPI, all of which are expected to have a big impact on the underlying currencies.
Trader´s diary: So far, I was able to gain 470 percent with no drawdown. The upcoming european data looks like a good opportunity, I will definitely open trades based on those releases, as they could exacerbate or reverse the current downtrebd in USD. Until then, I´m long EURUSD with a modest SL.
Trader´s diary: So far, I was able to gain 470 percent with no drawdown. The upcoming european data looks like a good opportunity, I will definitely open trades based on those releases, as they could exacerbate or reverse the current downtrebd in USD. Until then, I´m long EURUSD with a modest SL.
