Traders around the world are trapped into expecting different reports on the condition of various economies. For example, Germany is expected to issue a report on economic sentiment – it is a report on the overall strength and state of the economy. If what investors see in there is going to be appealing to them EUR/USD is going to have a very good hike, although the behavior of the couple is already pretty good.
Although the performance of EUR/USD can hardly be named stable today, there is still a clear uptrend with some of the retreats along the way. the couple is surging. And why wouldn’t it be? The greenback had the worst performance yesterday.
Reports like that have all the power to lift the currency couple or to drive it under the table. What will happen today? Look out for your trading signal to find out!
