FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

EURUSD Today promises to be interesting, mainly because there will be important news, especially regarding the US dollar. Yesterday was quite indicative - there was no mandatory zone, and the opening was above the OK. It seemed like the price could go up, especially after Monday's increase. It seemed like it was going to keep rising. However, the price immediately entered the OK zone and didn't quite reach the balance during the American session. Today, the OK zone is almost in the same place again, but there is a mandatory zone today. The opening today seemed to be at the top, similar to yesterday, but still within the OK zone. The price immediately entered the mandatory zone and started to drop. I believe this is happening in anticipation of the eurozone data release - a block of news about the euro is expected at 12:00, with the main news being about consumer expectations. The forecast is very negative, which will likely weaken the euro. So, I think we will see the balance soon. At 21:00, there will be the FRS rate announcement. Anything could happen here, especially since there is no forecast yet. But something tells me that the dollar will gain strength.