The EURUSD finished the last week of trading slightly below its previous week’s finish-
Get DailyForex analysis to your emailThe EUR/USD produced a rather stiff trading range the past week as financial houses seemed to find a price equilibrium they agreed with before coming risk events on the schedule.Yet the EUR/USD was able to show that it remains rather stable, and its ability to climb back from lows produced on late Monday the 17 of April near the 1.09100 ratios could be considered a positive sign by bullish speculators of the currency pair.
This Tuesday will see CB Consumer Sentiment numbers from the U.S. and on Thursday growth data will be released via the Advance Gross Domestic Product results. This week’s U.S. data will likely be an important impetus for the near-term direction of the EUR/USD. Traders may want to see where the EUR/USD trades upon opening on Monday to get a feel for the behavioral sentiment.
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