I took a look at the economic calendar for this week and wow, I was not expecting so many news. Is anyone actually trading this week?
There's some action on the "Daytrading EUR/USD" thread... In anticipation of the big news, I find it difficult to trade at the moment.
Either way, it's clearly time for some correction to the upside. The pair should reach 1.1700 next week, I think.
Either way, the pair is testing the support at 1.1550 and by the looks of it, it may keep depreciating.
Bloomberg U.S. Plans to Withdraw From UN Human Rights Co "The Trump administration plans to announce its withdrawal from the United Nations Human Rights Council on Tuesday, making good on a pledge to leave a body it has long accused of hypocrisy and criticized as biased against Israel, according to two people familiar with the matter." Not good for the USD