We publish forex signals once we see a good trading opportunity. The signals are free and updated in real time by our team of traders. The fundamental factors and the technical levels are always at the forefront, and this is why it is key to have both sides of the picture. To get the most out of forex trading, one has to be flexible in his approach and look constantly for new opportunities to correctly predict the market.
Yesterday, the Euro gave all of the recent gains by dropping 70 pips from 1.1500. Currently, EURUSD is trading at around 1.1430 and we see it as a good price for buyers to come. Traders will eye Fed's interest rate decision that is scheduled for 19:00 GMT later on today. The Fed is likely to keep rates unchanged.
The Euro was trading high in Asia on fears of split Congress in the US. EURUSD finally breaks through 1.1450 and we might see it closing higher on the day. On a light calendar in Europe, this week traders will base their decisions on price action and upcoming political news from the US.