Weekly Strategy - New sanctions against European companies will
Weekly Strategy - New sanctions against European companies will support the dollar.
EURUSD (1.1438)
Trend: Neutral
Support/Resistance: 1.1300 - 1.1525
This week we recommend focusing on Wednesday of FOMC Minutes, ECB Monetary Policy Meeting Accounts on Thursday and Germany GDP on Friday. But the focus is not so over the fundamentals events. The key events that will move the Dollar is the new trade war Unites States against one third of the world. Turkey is the last country with sanction and that push Turkey to avoid Dollar trading. This is the last country release by the Dollar but new countries will follow the tendency to avoid Dollar in international trading.
The Dollar nevertheless may continue with the gains because many new European companies will face with sanction due to North Stream 2. This will give a new fresh power for the dollar this week but as overall the trading will remain into neutral direction.
Our trading strategy is to trade within the trading range of 1.1300 and 1.1525 this week.
EURUSD (1.1438)
Trend: Neutral
Support/Resistance: 1.1300 - 1.1525
This week we recommend focusing on Wednesday of FOMC Minutes, ECB Monetary Policy Meeting Accounts on Thursday and Germany GDP on Friday. But the focus is not so over the fundamentals events. The key events that will move the Dollar is the new trade war Unites States against one third of the world. Turkey is the last country with sanction and that push Turkey to avoid Dollar trading. This is the last country release by the Dollar but new countries will follow the tendency to avoid Dollar in international trading.
The Dollar nevertheless may continue with the gains because many new European companies will face with sanction due to North Stream 2. This will give a new fresh power for the dollar this week but as overall the trading will remain into neutral direction.
Our trading strategy is to trade within the trading range of 1.1300 and 1.1525 this week.
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