EURUSD: Key watch next week. 1.100 for Euro

2016年5月27日

We will have a lot of work to accomplish for ‪EURUSD‬ next week.

- Payrolls is the central focus.

- EZ CPI and ECB Meeting with a press conference is the key risk event for ‪Euro‬ next week.

I only need 30 pips to 1.1100 to cut my SHORT position of EURUSD and still believe it will touch the target.

With many disappointed data recently, I don't believe ECB would be enough patient like BOE. I think they will talk down Euro.

1.1100 is not a strong support, Euro could move further to 1.100 if ECB's more dovish.

No matter what happens, I still choose SELL side for #EURUSD.

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