EURUSD finished the last week’s candle as a bearish candle but with some rejection from the South. Since the overall trend is with bull, so the pair might attract the buyers to buy the pair next week. Some high impact news events might create volatility on EURUSD next week. Let us have a look at the schedule of those.
Wednesday-23rd August- GMT 07.00
ECB president Draghi speaks
This is one high impact news event for the pair. However, the event is going to take place bit earlier than its usual timing. Thus, the pair might not get as volatile as it normally gets. Nonetheless, traders should be careful about taking entries just before this news event. Some good trading opportunities might come out after the news event.
Wednesday-23rd August- GMT 14.30
Crude oil inventories
This could be very volatile too. Traders had better keep an eye on this and look for the trading opportunities after the news event.
Thursday – 24th August- GMT 12.30
Unemployment claims
Another huge news event for the pair, which usually makes the pair move abruptly. The news event can be very fruitful for the traders if it is dealt accordingly.
Friday – 25th August- GMT 12.30
Core durable Goods orders m/m
This news event gets very volatile in some weeks since it is the last high impact news event of a week related to the USD. It does not offer that many opportunities either. It ends up producing long spikes on the intraday charts. Thus, traders should be very careful to deal with this.
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