The vulnerability of prices influenced by Mario Draghi's comments still weighs in the market. However, the talks of Quantitative easing, continued crisis in Europe compared with the upcoming FOMC report,BoE rate decision and Friday's Non-farm payrolls number would again prove not only the vulnerability of analyzing the market's direction. But also how price volatility would occur during this week's reports.
Price action and market behavior's mix reaction have been due to these factors and would likely continue until a more defined direction would lead investors sentiments towards the Forex market.
Meanwhile, majority of market participants still weighed-in the Global Stock market as the Dow Jones continued working above the 13000 levels as expectations that the U.S. Federal Reserve and European Central Bank will provide stimulus to support the economies on both sides of the continent.
Although, the USDx have closed below the initial su;pport level of 83.05 by closing the previous week at 82.70 basis point; with the adjusted trendline support indicates that its closing price at the 82.70 has recovered at the opening of the trading day on Monday. Pls. continue at http://megatrade101.com/
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