Calm Before The Storm

After making new highs against the US dollar overnight, the Euro appears to be consolidating in preparation for an eventful week. The EUR/USD currency pair continues to show strength ahead of Wednesday’s anticipated rate cut my the Fed. Wednesday also brings US GDP numbers, and Friday spotlights the US non farm payroll numbers. with indicators pointing north, we will look to use dips as buying opportunities. Minor support is at 1.4350. Given the slowing US economy and rising crude oil prices, we expect to be long north of the figure.