Open trading account 
Eurozone employment and industrial production data slated for release in the European session today and they are generally expected to come out fairly well with more or less the same as last.
The US Fed is on track to hike the interest rates by 25 bps later today. Further, upbeat US PPI data boosts hopes of stronger CPI figures due to be reported in the NA session.
Latest US political headlines of a Trump’s candidate who lost the Alabama US Senate race could make it difficult for Trump to pass the tax bill.
From a fundamental point of view, how does a Fundamental Analyst make a prediction on the EUR/USD based on the above?
My opinion is that the during the European session, the EUR/USD will rise moderately...perhaps to the 1.176 levels....and then later in the US session, in anticipated of the done-deal US FED's rate hike, will drop down to perhaps the 1.170 or even 1.65 levels....from there, I think/guess the pair will make a dash back to the 1.18 - 1.19 levels or, as some Analyst has predicted, to the 1.2 levels before the year is out.
The US Fed is on track to hike the interest rates by 25 bps later today. Further, upbeat US PPI data boosts hopes of stronger CPI figures due to be reported in the NA session.
Latest US political headlines of a Trump’s candidate who lost the Alabama US Senate race could make it difficult for Trump to pass the tax bill.
From a fundamental point of view, how does a Fundamental Analyst make a prediction on the EUR/USD based on the above?
My opinion is that the during the European session, the EUR/USD will rise moderately...perhaps to the 1.176 levels....and then later in the US session, in anticipated of the done-deal US FED's rate hike, will drop down to perhaps the 1.170 or even 1.65 levels....from there, I think/guess the pair will make a dash back to the 1.18 - 1.19 levels or, as some Analyst has predicted, to the 1.2 levels before the year is out.
