Hi everybody Negative deposit interest rate? Yes it could happen.Important ECB leaders emphasize this.But for that we should wait European Central Bank press conference and bid rate.
Last week euro reported earnings against all currencies unemployment rate in the eurozone area drop from 12,1% in october ,german preliminary (CPI) Consumer Price Index increased from -0,2% to 0,2 % in October
Despite falling of german import prices from 0,0% to negative -0,7% and german unemployment change which increased from 3k to 10 k in october.
For the next week tha main event it seems to be with no doubt Mario Draghi press conference
On eurusd currency pair excpet for ECB press conference other events are US preliminary GDP which is forecast to grow from 2,8% to 3,1 %,non farm employment change despite plesant report last week for december the economist forecast it to fell from 204 k to 184 k
TECHNICAL ANALYSIS
On eurusd H4 chart the bearish divergence it seems to be consumed so you can think to enter with buy orders starting with 1,3610 and the profit target will be near psychological level 1,3700 ,1,3690 could be a realistic profit target.
If the price fall to pass 1,3610 you can take under the consideration short sell orders started with 1,3560 and the profit target will be near 1,3510 ,stop loss above the last high 1,3630.And at the end don't forget investing in stock,commodities,fx markets implies high risks.
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