Tuesday Morning... Our focus today is on the Euro 👀
EUR/USD will open near 1.1415-1.1425 after limited upward movement below 1.1450. We have several European news releases today, so the pair's movement might start from the Euro side before the US data arrives.
Session Times ⏰
The live trading session starts at 11:00 AM Saudi time and is exclusive to members of the closed group.
The futures trading session starts at 12:00 PM Saudi time. We will post two or three free trades in the open group, and the remaining opportunities will continue within the closed group.
Today's Important News 📰
At 11:00 AM Saudi time, the Eurozone Bank Lending Survey will be released, indicating whether banks are tightening or easing loan conditions for businesses and individuals.
At 12:05 PM, the ZEW Economic Sentiment Index for Germany and the Eurozone will be released. Improved sentiment could support the euro, while a weak reading could increase pressure on EUR/USD.
At 2:30 PM, we will be watching the speech by Joachim Nagel, President of the German Central Bank, particularly any comments on inflation or the European interest rate decision expected this week.
Today, the European news is coming close to our session time, so we need confirmation from price action before determining the direction.
To arrange your entry for the full session, send the word "Tuesday" to:
@onlinetrader07
