In expectation of the speech by the Head of European Central bank I thought that we should focus more on today’s performance of euro. After all, today, with the new month beginning, we have to ask ourselves – is European united currency going to be able to hold onto the uptrend, set by it in October, or are we to expect reversals and subsequent falls?

Well, that is exactly why today’s speech of ECB head is so important – we just hope that she is going to be able to give us a little bit of an insight into the real states of economy of Eurozone. After all, technical analysis of the chart does not exactly give a lot of information and the ones it does give, tells us that the momentum is going to be lost soon enough. Of course that is until we have the next set of economic data from the USA, which is expected this week – that is bound to give its correction for the couple and the momentum might be found again.

But we, of course, are to deal with matters at hand. And what we have at hand is the speech of ECB hand. And, as you can see the EUR/USD traders are not taking kindly to the expectations. We can see a kind of volatility that hasn’t been displayed by the couple for a long time. Jumps are really staggering. And all we can do it deal with them with the help of trading signals. There is not better to way to trade through volatility this level.