Euro Currency Waits

Monday was pretty frustrating. Of course, the events of Saturday primarily affected. we are referring to an attack on the Saudi oil fields.

According to Reuters and Bloomberg, oil production in Saudi Arabia fell by half. The gap is expected to open on the opening of trading platforms.

The market is quite interesting and is moving into a poorly predictable stage.

The economic calendar for today is relatively empty. Japan has a day off.

B. Johnson promises to come to Europe this week and to negotiate some of the agreements by Brexit.

The European currency shows resistance, but in fact, does not show sharp movements in futures prices.

It reaches the point of 1.108. We can consider short strategies, but it is too early and it is necessary to wait for the right moment. Predicted activity to positions is downward.

Strategy against the crowd can bring results. Just because the bulk of the players are in long strategies.

The bulk is in sales, there is a part of purchases. This creates some uncertainty in the market. So the euro currency is under some pressure and we can only wait for any other news that can change the situation.