My plan for this week for the EURUSD as a bull will be to buy between MM2 and WS1 around 1.22362 and 1.22161 and potentially to take profit in WS1 but I’ll be watching the monthly and the weekly pivot. Basically it will be a range trade.
It’s a pretty busy week, althought there are just few major fundamental news like the ECB meeting. It’s true that many people has been expecting an evolution of the ECB,s statement but because of the dissapointment of the economic data the inflation pressured has eased. Despite all of this, I think most of the people believe that asset purchase is going to finish this year but nothing doesn’t led me to think that they are going to rush to do something after September.