EUR/USD had a relatively uneventful week with price consolidating around 1.05-1.06 levels. The pair is now 1.0578 in a calm and low volume environment.
It seems to me that it’s better to short EURUSD during this week.
There are several reasons for this:
1) FedWatch Tool is at 84.1%
2) Elections in France continue to pressure the euro
3) The latest statistics from the US was at a fairly high level.
I expect a positive report on the labor market this Friday. I’m going to sell the pair after 1.0560-1.0550
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