My plan for next week is easy…first I expect EU to go up towards 1.12 and then drop towards 1.10 or below. With some EU data on monday, but the most important events on wednesday and thursday, it should be a volatile week and provide opportunities for both bulls and bears. We have a FED meeting on wednesday, where its expected that FED will raise rates by another 25bps and ECB on thursday, where the same rate increase is expected. It doesn’t really matter what happens and what will be said on either event…all that matters is what big boys do with the market liquidity and where they’ll take the price. Some fake moves are expected, so better be prepared for everything. As always, money management is the key.
