EURUSD produced a weekly bullish Pin Bar candle on the chart. The price has been within a horizontal channel and traders would love to see a breakout towards either side. In the coming week, there are number of high impact news events that might create volatility on the pair and make the pair make the desired breakout. Let us see what those news events are…
Monday-26th June-12.30 GMT
Core Durable Goods order m/m
Usually produces long spikes on the Intra-day charts and sweeps off the stop losses.
Monday-26th June-17.30 GMT
ECB president Draghi speaks
This is one important news event. It has to be dealt carefully by EURUSD traders.
Tuesday-27th June-08.00 GMT
ECB president Draghi speaks
Draghi is going to give another speech on this day. Do not think it would create as much volatility as it would on Monday though. However, intra-day charts will definitely have impact of it.
Tuesday-27th June-14.00 GMT
CB consumer confidence
Another news event, which has to be carefully dealt by the intraday traders.
Tuesday-27th June-17.00 GMT
Fed chair Yellen speaks
This news event does not usually create extreme volatility. However, if it does, it could make the pair be very volatile.
Wednesday-28th June-14.30 GMT
Crude Oil Inventories
Another news event, which creates volatility on the Intra-day charts.
Thursday- 29th June-12.30 GMT
Final GDP q/q
Unemployment claims
Technically, these two news events are going to be the week’s last two high impact news events for EURUSD. As usual, traders must be extra careful with “Unemployment claims” here and use it to find opportunities to take entries accordingly.
The post Weekly Forex News Events for EURUSD – 26th to 30th June 2017 appeared first on Advanced Forex Strategies.
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