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EURUSD: Key watch next week. 1.100 for Euro
Euro / U.S. Dollar
Short
EURUSD: Key watch next week. 1.100 for Euro
By Sforex
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May 27, 2016
1
May 27, 2016
We will have a lot of work to accomplish for EURUSD next week.
- Payrolls is the central focus.
- EZ CPI and ECB Meeting with a press conference is the key risk event for Euro next week.
I only need 30 pips to 1.1100 to cut my SHORT position of EURUSD and still believe it will touch the target.
With many disappointed data recently, I don't believe ECB would be enough patient like BOE. I think they will talk down Euro.
1.1100 is not a strong support, Euro could move further to 1.100 if ECB's more dovish.
No matter what happens, I still choose SELL side for #EURUSD.
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