During the next week, the sessions on Wednesday 13 and Thursday 14 could trigger the “perfect storm”, the markets await the FED and ECB interest rates decisions, and most likely these events will be our driver throughout the summer. Having said that, the most important session will be Tuesday, from here, we could understand how the market will position itself waiting for the big events. We will follow on Monday the pair on intraday charts looking for some other trading opportunities, and if you continue to support us, we will post some updates during the next sessions. As we said in our previous weekly analysis (see chart below), 1.25 pullback was expected, and now we have to think about the next step.
PREVIOUS WEEKLY ANALYSIS (Click and Play on chart)
OURS MONTHLY ANALYSIS (Click and Play on charts)
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Commentaire
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At the moment the trend remains bullish on the daily chart, and later FED decision, could bring high volatility .... If you do not have a clear setup strategy (entry, stop and TP), do not take position during today's session.
Sir, As per your monthly Analysis it is now in DownTrend - Agreed... Per your recent short time trend there was a pull back and - Agreed it was succeed... So now the Storm is towards down or Up ?
I believe down because the Monthly trend is down.. but your weekly chart signal looks like intimation for UPTrend ?
Note: The Weekly support has not broken and it tested with a reversal candle which indicates a good Shoot up :-)
Please help us understand.
MASOOD1364
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Hi. It will be your kindess if you update your chart on 13and 14 according to the fundamental news.
VinodSharmab4
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what to expect from still long or short?
Saeglopur
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@VinodSharmab4, IMHO long. Italian stuff is quite sorted and clear.
MChvapil
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Hi SignalSwiss. Many thanks for your chart.
HoangTA1
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Thanks
Namah-Te
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thank you, Sir!
Fnaodjfneiw
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This makes sense. Next week will be crucial. Thanks a lot for the update!
jma2r
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Now up or down ?
jma2r
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Team, Expecting update on this please, Is this storm now started upward ? or it will go lower before it take off.
I believe down because the Monthly trend is down.. but your weekly chart signal looks like intimation for UPTrend ?
Note: The Weekly support has not broken and it tested with a reversal candle which indicates a good Shoot up :-)
Please help us understand.