Stage Set for Big Week for the US Dollar - Particularly vs. Euro

Frankfurt (Mar 3)  It’s shaping up to be a big week for the US Dollar, particularly against the Euro, as traders bet on sharp price moves ahead of key forex economic event risk.


The Euro stands at pivotal price resistance versus the Greenback as the US currency tumbles, but EUR/USD failure at its multi-year closing high of $1.3800 sets the stage for a showdown.


forex_US_Dollar_eyes_big_moves_versus_Euro_on_important_week_body_Picture_1.png, Stage Set for Big Week for the US Dollar - Particularly vs. Euro


In fact the combination of a European Central Bank interest rate decision as well as the infamous US Nonfarm Payrolls report leaves short-term volatility prices at their highest levels in a month. Clearly the stage is set for sharp price moves, but how might we trade the week ahead?


We’re keeping an especially close eye on Dollar and Euro pairs for trading opportunities. The table below highlights which trading strategies we think may do well in the days ahead.


Source: DailyFX