FX.co ★ Trading plan for EUR / USD pair on May 24, 2013

If you look at the forecasts for US statistics, there is a feeling that the dollar would fall today. In particular, the number of applications for unemployment benefits may increase by 45,000 and housing sales in the secondary market are likely to decline by 0.2%. However, the fate of the single European currency depends on the content of the text of the minutes of the ECB meeting on monetary policy. If there is an unambiguous answer about the extension of the quantitative easing program, the euro will have an even greater decline. If there is no unambiguous answer, and the wording turns out to be two-sided, then a rebound is possib

The EUR/USD currency pair reached the band level of 1.1650 / 1.1700, which is already expected. Meanwhile, in anticipation of the support, there was the formation of the consolidation of two-digit candles like "Doji" as a result. It is probable to assume that the fluctuation remains within the 1.1650 / 1.1700 range, where traders should take a wait-and-see position, debugging a full exit from it.