Week ahead – EURUSD

Right now we are still in a bullish zone and as long as EURUSD stays above 1.30, we might see a bullish extension towards 1.34 – 1.36. Anyway as the year ends we are experiencing so called "garbage time" when some portfolio managers are taking time off and some are squaring their positions.

On Monday when markets open I am expecting a rather flat range moves between 3150's and 3250's max but I think that the volume will be thin and the daily range wouldn't exceed 50pips.

 

In terms of opportunities I believe that 3000's would offer very good Risk Reward trades and that going LONG in this zone might be a high probable trade, targeting at least 3150's with RR min 5:1.

 

Let's see.