[EUR] Starts with Upward Trend

EUR/USD weekly chart, source:forexfactory.com

New trading begins. The market showed bullish in the first trading day, today. The upward trend of the currency pair EUR/USD keeps its direction since 18. last December and we need to watch the price whether it breaks through the previous peak made in last September.

If it steps over the previous peak, it seems more certain to continue its upward trend, I think.

In this week, powerful forex events wait the traders. The FOMC, or Federal Open Market Committee opens its meeting minutes on Wednesday(1900/Z, UTC), West Texas Intermediate, crude oil inventories is known on Thursday(0400/Z, UTC), and U.S. Non-farm payroll and unemployment rate are made public on Friday.

These events are very effective to the forex market and the chart rolls and pitches. I don't recommend to trade while the events opens and it will be good to enter the market in next week after check the trend, the result of the events.

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