All Things Forex Trading Room: EUR and USD- Is this the Calm Before the Storm?

In the trading room today: EUR and USD: Is this the Calm Before the Storm? As the EUR/USD exchange rate still fluctuates within its range, we examine the drop in volatility and ponder if this is simply the calm before the storm which could be triggered as a result of the big upcoming events in the week ahead, we analyze the test of a resistance level in the EUR/USD currency pair, we take a look at the rally of the GBP vs USD, we note the strengthening of the USD vs JPY, we highlight the market’s reaction to the US Existing Home Sales and the Chicago PMI, we discuss new forecasts from HSBC and UBS, and prepare for the trading session ahead.

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