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EUR/USD Weekly Forecast - 03/11: Forex Fed Show (Chart)
(MENAFN- Daily Forex) The EUR/USD finished the week near the 1.08316 ratio, essentially returning to value the currency pair traversed on Wednesday, this as nervous financial institutions wait for the risk events that are coming.
However, for buying to be attained it means the race for the White House has also produced a clear winner.
Traders who want to trade the EUR/USD before the U.S election result is final, need to understand price movement will be fast and dangerous.
There are many variables about to be seen and betting on outcomes before the U.S election and Fed rhetoric are known this week will be very speculative/USD Weekly Outlook:Speculative price range for EUR/USD is 1.07960 to 1.10300Day traders who feel as if the EUR/USD currency pair remains in oversold territory will have to get help from the U.S Federal Reserve this coming Thursday with an interest rate cut and talk of more possible cuts in the coming months. Also the U.S election will have to be sorted out cleanly and financial institutions will need to be comfortable with the winning side. Traders should expect wide price ranges to be seen and spreads via bids and asks to increase on Tuesday and Wednesday. It will not be easy to trade for smaller speculators.The EUR/USD has been in a bearish cycle for the past handful of weeks, the attempt at a rally going into the weekend faded as caution seeped into Forex again. Traders this coming week need to understand financial institutions will create plenty of volume in the Forex market as large players position for their new mid-term outlooks which may have more clarity as of Thursday night and going into this Friday. Until then EUR/USD traders may want to watch the Forex show because it is going to be fast and entertaining.EURUSD Chart by TradingViewReady to trade our
Forex weekly forecast ?
Here's a list of some of
the
top forex brokers in
Europe
to check out.
- Simply put if you are a day trader and thinking about speculating in the EUR/USD early this week and over the next five days you need to be extremely careful.
- A volatile Forex show is going to be delivered from tomorrow into next Friday, this as financial institutions position before and after the U.S election this coming Tuesday, and the Federal Reserve's interest rate decision and rhetoric on Thursday.
However, for buying to be attained it means the race for the White House has also produced a clear winner.
Traders who want to trade the EUR/USD before the U.S election result is final, need to understand price movement will be fast and dangerous.
There are many variables about to be seen and betting on outcomes before the U.S election and Fed rhetoric are known this week will be very speculative/USD Weekly Outlook:Speculative price range for EUR/USD is 1.07960 to 1.10300Day traders who feel as if the EUR/USD currency pair remains in oversold territory will have to get help from the U.S Federal Reserve this coming Thursday with an interest rate cut and talk of more possible cuts in the coming months. Also the U.S election will have to be sorted out cleanly and financial institutions will need to be comfortable with the winning side. Traders should expect wide price ranges to be seen and spreads via bids and asks to increase on Tuesday and Wednesday. It will not be easy to trade for smaller speculators.The EUR/USD has been in a bearish cycle for the past handful of weeks, the attempt at a rally going into the weekend faded as caution seeped into Forex again. Traders this coming week need to understand financial institutions will create plenty of volume in the Forex market as large players position for their new mid-term outlooks which may have more clarity as of Thursday night and going into this Friday. Until then EUR/USD traders may want to watch the Forex show because it is going to be fast and entertaining.EURUSD Chart by TradingViewReady to trade our
Forex weekly forecast ?
Here's a list of some of
the
top forex brokers in
Europe
to check out.

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