EUR/USD WEEKLY ANALYSIS 19-24 October 2015
Last week EURUSD had different action.
At the beginning EURUSD goes up and at the end of week it had bearish trend.
Please look at the pictures:
As you can see on candle stick analysis we can say that the next week candle can be bearish.
So in the next picture we can see bump & run pattern so with 2 different view we can say that the next week we should think about sell position.
EURUSD view according to the Forex economic indicators:
To get a good view for trading on EURUSD in the next week we can compare the most important Forex news on EUR and USA :
|German ZEW Economic Sentiment||EUR||Against EUR|
|Core Retail Sales m/m||USD||Against US|
|PPI m/m||USD||Against US|
|Retail Sales m/m||USD||Against US|
|CPI m/m||USD||Good For USD|
|Core CPI m/m||USD||Good For USD|
|Unemployment Claims||USD||Good For USD|
|Philly Fed Manufacturing Index||USD||Good For USD|
|Trade Balance||EUR||Against EUR|
|Prelim UoM Consumer Sentiment||USD||Good For USD|
As you can see in the above table we had not any good important economic indicator for EUR then it seems that EUR will go to be weak in the next week.
Author: Mohsen J. From PipSafe Team
Tags : economic indicator EUR/USD forex bonus without deposit Forex Broker forex broker bonus forex learn forex learning forex learning pdf Forex News forex tutorials for beginners pdf Forexeconomicindicators how to trade forex for beginners pdf learning forex trading pdf