Eur/Usd performance for next week?

[Micky89]

Hi guys.

I was wondering what your opinions were on how the Eur/Usd pair will play out next week and beyond.

I bought at 1.35306 and it is now at 1.35395. I'm hoping it continues to rise but I'm not sure whether it is going to continue to drop and this is a mere short pause before it does.

What are your opinion on this?

Also how would I do fundamental analysis on currency pairs? Where is best to look and what could I be looking for?

Thanks guys.

 

[mike.]

Hi micky, couple of news events next tuesday, retail sales figures in the usa, may shake the usd short term.
Other than that, have a read of nvp's correlation thread here on t2w and how the dow affects the usd.

here is a news events calendar to help you on your way. http://www.forexfactory.com/calendar.php

 

[Micky89]

Hi micky, couple of news events next tuesday, retail sales figures in the usa, may shake the usd short term.
Other than that, have a read of nvp's correlation thread here on t2w and how the dow affects the usd.

here is a news events calendar to help you on your way. http://www.forexfactory.com/calendar.php

Thank you, that'll come in handy.

So if the sales figures are lower than projected it could drop more and If they're higher then it might rise?

 

[mike.]

On the calender, any news event that is labelled in red has a potential high impact, nothing is set in stone as you may well know. The market will react before you hear the retail figures then often retrace back again. Just expect a bit more volatility around the news release than normal.