Today Scenarios and Impact on EUR/AUD.
Department Responsible: HCOB/S&P Global compiles and releases Eurozone PMI data
Bullish EUR/AUD (Rally)
Triggers:
German Services PMI exceeds 52.3, Eurozone Services PMI beats 51.2.
German Manufacturing PMI surpasses 47.1, signaling faster recovery.
Technical Impact:
A break above supply roof ,buy reinforced
Bearish EUR/AUD (Decline)
Triggers:
French/German PMIs miss forecasts, especially Services.
Eurozone Manufacturing PMI falls below 48.3.
Technical Impact:
A drop below support signal selling.
Neutral (Consolidation)
Triggers: Mixed PMIs with no clear surprises.
Technical Impact: Range-bound between supply roof and demand floor
Trade Directional Bias
Moderate Bullish Bias:
Rationale: Strong German/Eurozone Services PMIs (expansionary) likely outweigh Manufacturing weakness, supporting EUR.
Risks: A miss in German Services PMI or broader Eurozone data could trigger profit
Conclusion
Today’s PMIs, particularly German Services and Eurozone Services, will drive EUR/AUD’s short-term bias. A beat in Services data reinforces the EUR’s strength, while Manufacturing misses could cap gains. AM bullsih on EURAUD...long euraud
Department Responsible: HCOB/S&P Global compiles and releases Eurozone PMI data
Bullish EUR/AUD (Rally)
Triggers:
German Services PMI exceeds 52.3, Eurozone Services PMI beats 51.2.
German Manufacturing PMI surpasses 47.1, signaling faster recovery.
Technical Impact:
A break above supply roof ,buy reinforced
Bearish EUR/AUD (Decline)
Triggers:
French/German PMIs miss forecasts, especially Services.
Eurozone Manufacturing PMI falls below 48.3.
Technical Impact:
A drop below support signal selling.
Neutral (Consolidation)
Triggers: Mixed PMIs with no clear surprises.
Technical Impact: Range-bound between supply roof and demand floor
Trade Directional Bias
Moderate Bullish Bias:
Rationale: Strong German/Eurozone Services PMIs (expansionary) likely outweigh Manufacturing weakness, supporting EUR.
Risks: A miss in German Services PMI or broader Eurozone data could trigger profit
Conclusion
Today’s PMIs, particularly German Services and Eurozone Services, will drive EUR/AUD’s short-term bias. A beat in Services data reinforces the EUR’s strength, while Manufacturing misses could cap gains. AM bullsih on EURAUD...long euraud
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.