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Friday, March 28, 2014

EURUSD Lower or Higher?


There is too much analysis the last days, concerning the EURUSD pair. The majority of analysts suggest that 1.3966 was the peak of the pair and that a downtrend has already began. Due to the lack of economic events this week,the movement was insignificant and the importance will be on next week events. However, it seems to be a slight movement lower. Unemployment rates on Eurozone, Interest Rate Decisions, Nonfarm payrolls and Unemployment Rate on USA could lead EURUSD in lower levels next week. A crusial support could be at 1.3650. Thus, for prices, lower than 1.3650 it could be a great chance to short the pair.

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