3.05 - EUR/USD is only starting with the volatility today
- by Anna K.
Today is a very important day for both – EUR and USD separately. Both of the currencies are to face reports and important indexes which are going to tell traders about the real state of the economy of both of the regions respectively. In total EUR/USD couple is going to be hit with 14 reports – lo less. And most of those come for dollar. And it seems that we are only seeing the beginning off the volatility for the couple. Such behavior with unexpected falls and gains is only expected to get worse this month. It is possible that we are going to have to look for the new strategy in EUR/USD trading.
It seems that after the rise of traders’ confidence in dollar EUR was searching for the same support but in the end the greenback won, which is totally natural when competing with the currency this strong. As a result, EUR took a tumble. And remember: it seems that we are only seeing the beginning of this.
Right now even though there is a small recovery the couple is still too weak. In general, we are going to have to look for the new strategy with the couple. A strategy that can be advised to us by trading signals will do perfectly!