An important European Central Bank speech from the President himself is expected to be delivered tonight, 20 minutes before the American session starts. Also, the data to be released for the Greenback’s last trading session for the week is expected to cause violent price movements. America is expected to once again show why they are the strongest economic powerhouse around the globe.
Entry point is placed below a major psychological level and the 23.6 Fibonacci level.
Risks to be considered: Syria tension; US weekly unemployment claims (forecast > previous); FOMC Member Dudley’s speech; and sudden changes to the expectations of the ECB President’s speech.
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