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US dollar managed to hold up against other major currencies. For the whole week, the Index rebounded 0.9% to 89.92, snapping a three-week losing streak.
EUR/USD struggled hard to keep the 1.2300 level. Look for further upside with 1.2380 as target. Alternatively, short below 1.2320 with target at 1.2230.
On the data slate there’s UK Nationwide Housing Prices; Switzerland Employment Level; UK Mortgage Approvals; UK 10-Year Bond Auction; US Fed’s Bullard Speech; US Chicago Fed National Activity Index; US New Home Sales; US Dallas Fed Manufacturing Business Index and US 3- and 6-Month Bill Auctions.
My Personal Trading Plan
THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.
If You are New in Forex --> Read Forex Education Center / Volume I.
