EURUSD long Analysis

25 thg 5, 2018

We have major events going on in the Euro Zone as the money supply forecast, and Consumer Confidence Index final. If the money supply increases we all know that increases inflation rate, and CCI is lower than previous result, which means dollar will appreciate against the EUR. However on May 30th we have ADP employment reports coming in the US, which are a good forecast of the US government non-farm payroll report; it is expected to be lower than previous, which means we can expect a bullish on May 30th resulting from the appreciation of the EUR against USD. On May 31st, we are expecting a lower unemployment rate in the Euro Zone, which means we can expect for a bullish on the EURUSD pair.