The EURUSD experienced wicked reversals last week which certainly tested the fortitude of traders and more risk events are likely in the coming days- trading forextrading
closed the last week of trading near the 1.06640 mark, and the start of trading this past Monday began near the 1.06900 level.
The behavioral sentiment is fragile and traders trying to get a feel for the markets via developing news are likely not feeling tranquil, considering they are hearing conflicting viewpoints and outlooks regarding the broad market nervousness.As expected the European Central Bank delivered a rate hike of 0.50% in the middle of last week, but it is the U.
However, speculators are also advised to listen attentively and try to eliminate noise. Meaning that traders need to keep their emotions steady and not let loud words scare them. Caution will certainly be needed when trading this coming week and the EUR/USD will fluctuate depending on what is taking place.
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