EURUSD will be affected by both FOMC and ECB meeting this week. FOMC expected to increase rates and ECB to start reducing its stimulus, pay attention to press conferences.
Technically, price action could be retesting 38% retracement level, providing good entry for long positions or retrace back to test the . We are still in a downtrend.
is at 50, showing that price is waiting for a push from investors.
Analysts consider this to be potentially the most pivotal week, both economically and politically, for the world in 2018.