As I told you yesterday, today is not going to be easy for us. Today markets are going to be pretty volatile and we need to push through this volatility in order to survive and not to lose too much in the process. After all, the most popular couple in the markets is going to go through a report which is going to change trading not only for today, but has the potential to alter our future trades as well.

EU Economic Forecast. Even though it is published every quarter, we still wait for this day with shiver going down our spine. And not even because of the information that might come to us, but because of what traders are doing before the report is out.

Right now we cannot be sure in anything and especially not in the growth of European economy. That is why we tend to overthink the situation and prefer to sell euro off before the report ever comes. We figure – we can always buy it when it starts growing, right? Well, that is exactly what is happening to euro now – we still have at least an hour until the beginning, but we are already seeing EUR/USD going down.

But, you can never be too cautious, right?

That is why we need to use trading signals to besure in at least the current state of the couple.