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Hello traders,
Flash Core Harmonized index of Consumer prices of Europe has rised to 0.9 which is much better than expected 0.7 and there are reasons that Euro will started gaining over USD. These maybe a precursor to achieving the target of 2% inflation which is the main fight of ECB. The current penetration of 1.10 is a proof for this fact and now the only possible way for EUR/USD is up. Every fall I think can be safely bought but be careful during interest rate announcements. Presently I am just waiting for deeper fall to enter a new long on EUR/USD maybe until then I can test some shorting.
Good luck everyone
Flash Core Harmonized index of Consumer prices of Europe has rised to 0.9 which is much better than expected 0.7 and there are reasons that Euro will started gaining over USD. These maybe a precursor to achieving the target of 2% inflation which is the main fight of ECB. The current penetration of 1.10 is a proof for this fact and now the only possible way for EUR/USD is up. Every fall I think can be safely bought but be careful during interest rate announcements. Presently I am just waiting for deeper fall to enter a new long on EUR/USD maybe until then I can test some shorting.
Good luck everyone
