EURUSD
The pair consolidates before the US PPI (YoY) data release, which is expected to be strong. Our yesterday's prognosis stays the same - positivie statistics will push the pair down.
The price is on the upper Bollinger band, lower than SMA5 but higher SMA14. RSI index crosses 50% line …
EURUSD
The pair consolidates awaiting US PIP (YoY) data release which is expected to be quite strong. If the prognosis proves to be true, then most likely, the pair will keep lowering its positions because of the monetary policy differences of ECB and FRS which are not in Euro's favour. …
EURUSD
The pair keeps consolidating in a narrow range before the publication of the US retail sales and PPI (MoM) data which is to take place this Friday. ECB president M. Draghi will give a speech later today and if stimulus program is mentioned there the pair will most certainly …
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