World-Signals Forex Daily Analysis and Signals

The Dollar recovery may continue a couple of hours ahead.
EURUSD hit the top of 1.2169 as this level was a signal for the selling process. The Dollar recovered from the high of 1.2169 a level reached on January 26th 2021. The recovery is already generated of 70 pips. The tendency for continued recovery remains for the next couple of hours.
The fundamental focus comes for tomorrow the key data for the U.S. Retail Sales and FOMC Minutes. The investors predict a positive Retail Sales report that is already generated by the market.
The forex market is also moved by the last records in Bitcoin - ever time high over $50000 and also the record Oil price since December 2019.
All these events may continue to support the Dollar in the next couple of hours. The tendency for Dollar recovery may stop on Wednesday (Feb 17th 2021) when World-Signals.com plans to start into long positions with a new target of 50-80 pips above or close to today's pick at 1.2169. 

hello, potential movement in the EURUSD pair, I see in the monthly candlestick, the price has broken down the previous month's low, so the potential in my opinion for at least the next week is bearish, but if you look at the weekly time frame, you can see that the price has entered the RBR base area, there is potential bullish

How U.S. citizens will use helicopter money and how they will lose these money?
Each American citizen is on the way to receive $1200. How will they spend the money?
The question of how it is planned to order the use of the money from the helicopter, 37% of the surveyed applications, is sought in order to collect shares on the stock market.
The inflation of the stock market will continue. We can see the Dow Jones Index over 35000 and at the same time S&P close to 4200. The new investors may see the light and continue with investments. But this scenario is well known to the big fish.
World-Signals.com warn these new and old investors that it is too risky.
These people are on the way to lose the money because all these predictions and plans are already in the stock market bubble. After the spending of these money many new investors will start to lose as the shares are on the way to collapse. Dow Jones is 100% sure that will go back below 28000 while S&P may lose down to 3300. If you invest in Stock Markets our idea is that it is too late to make a good profit. Don't waste these money in Stocks it is better to use another market like investment in Metals.

EURUSD Trading strategy this week.
The strong data for U.S. ISM Services today for March of 63.7 very higher than the key border of 50.00 do not help the Dollar. ISM Services consensus expectation was 58.5 also higher than one month earlier of 55.3. The potential of the Dollar ends at levels below 1.17 and many investors open long positions with expectations to hold EURUSD long above 1.20.
Tomorrow (Tuesday 6th) is expecting EuroZone Unemployment Rate for February as the consensus and prior month report are equal to 8.1%.
EURUSD found very strong support at 1.1704 and 1.1748. World-Signals.com recommends to hold long positions and use the level below 1.1748 for stop. The target is a long-term of 1.20 and may happen in the mid of April 2021.

Fed Interest Rates and GDP reports on focus to the end of the week.
The EURUSD trading found a good support line at 1.2055. Although EURUSD trading is possible down correction to 1.2038 where is the next support level the trend into upward direction starts again.
The most important coming events that will take effect over the trading crosses are Fed Interest Rate Decision, Fed's Monetary Policy Statement and FOMC Press Conference. The policy trading probably will remain unchanged with focus over the stimulus of the economy.
Tomorrow the most important events are Germany unemployment and the Harmonized Index of Consumer Prices. Do not forget that much more important is Gross Domestic Product Annualized for Q1 on Thursday 12:30 GMT where the consensus is for 6.5% growth compared to 4.3% in the prior period. On Friday GDP date will be released for Germany and the Euro Zone too.
World-Signals.com trading strategy is to use these two key support levels of 1.2038 and 1.2055 as stops and open long positions with targets above 1.2130 in the next two days or target 1.2150 in the next couple of days.

EURUSD trading strategy ahead key events.
During the current European session the trend of EURUSD will change. The current downward trend started last Friday and is about to end today. The Dollar gained about 130-140 pips in this period of 4 days.
For today the key event is ISM Manufacturing PMI(May) at 14:00 GMT. But overall the key event that everyone is waiting for is Friday Non-farm payroll report. It is expecting a positive report that may support the dollar. The event is already generated by the market. But till the event World-Signals.com expects to see temporary recovery of the Euro as possible levels up to 1.1885.