The key event for Euro traders to watch out for in the coming week is Friday’s European Council video conference, called to discuss an EU recovery fund and the EU budget.
A technical look at the major currency pairs heading into the new trading week
What are the technical’s saying for the major currencies.
The EURUSD extended the week’s trading range in the NY afternoon (taking out the low from Tuesday at 1.12402. The break took the price to the 38.2% of the move up from the May 25 low. That level comes in at 1.12105.
The EURUSD extended the week’s trading range in the NY afternoon (taking out the low from Tuesday at 1.12402. The break took the price to the 38.2% of the move up from the May 25 low. That level comes in at 1.12105.
MUFG trade of the week: Long USD/PLN
Mitsubushi has a zloty trade but the rational extends beyond it
MUFG recommends buying USD/PLN at 3.9500 with a target of 4.0400 and a stop at 3.9200.
„We are recommending a long USD/PLN trade idea to reflect the increased risk of a correction higher for the USD. Our QI RSU models have been signalling that the USD
MUFG recommends buying USD/PLN at 3.9500 with a target of 4.0400 and a stop at 3.9200.
„We are recommending a long USD/PLN trade idea to reflect the increased risk of a correction higher for the USD. Our QI RSU models have been signalling that the USD