Hi, traders We already had quite handful of events in the last couple of weeks and it has been no different this week with volatility will again be on the higher side with two large banks gathering again to discuss their long term policies and future forecast and specially Bank of England would be under tremendous pressure for future guidance as they will have to keep everything on track for new policies and with new headwinds coming their way. So, it is important to look out for other pairs which have direction rather than just looking for these two pairs as smart money will keep looking for stop hunting and pairs will suffer from clear direction at new high or low.
Price Action Analysis of Euro/dollar and U.S. Dollar index future
Price Action analysis of Eur/usd and U.S dollar future and they will be under radar and look or the help of risk aversion for the direction as they are lacking fundamentals at the start of the week but at the end of the week U.S Cpi would surely fuel the prices of the both euro and dollar as September hike would also depend on Inflation numbers.
Technical portion of U.S dollar and Euro
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