Quiet Trading Week Ahead?
Dear traders,
This week could face an unusual quiet start in terms of trading conditions as several markets are closed Monday. Also, economic data from America will take a backseat with no crucial catalysts scheduled for release this week.
As already stated in previous analysis last week, we generally expect some more bullish momentum in the EUR/USD and GBP/USD with higher targets seen at 1.0950 in the euro and 1.2770 in the cable.
Nonetheless, volatility could be muted which is why we recommend traders not to invest too much this week.
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Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.
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