If today you wanted to trade EUR/USD calmly and without any shakes and losses, then, unfortunately, we have another thing coming. Today is a very important day for all EUR/USD trades because today we are getting French and German economic data. And, as you might already know, these two never come with gains. They come with losses and further drops of the chart. And, seeing how EUR/USD is getting weaker and weaker after yesterday’s statement of President Lagarde, I do not see any scenario where euro is going to grow after today’s data.

We are getting:

French and German Flash Services PMI - a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

French and German Flash Manufacturing PMI, which is pretty much the same as the previous entry.

Then we are going to hear another statement by President Lagarde - As head of the ECB, which controls short term interest rates, she has more influence over the euro's value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future.

Are you ready for this much information to come into your life? Will, you better make room for it anyway.

Make room and prepare yourself with our trading signals.