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Key Points
- Eurozone economic indicators, including the Services PMI and Manufacturing PMI, show weakness, fueling expectations of a 50 basis point rate cut by the ECB.
- The U.S. Composite PMI reached 55.3, the highest level in 2 years and 7 months.
- U.S. weekly initial jobless claims fell by 6,000 to 213,000, indicating continued strength in the labor market.
- Russian President Vladimir Putin warned that Western countries supporting Ukraine could also face attacks.
Major Economic Indicators
- November 27: Release of FOMC meeting minutes, U.S. Q3 GDP, and U.S. October Personal Consumption Expenditures (PCE) Price Index.
- November 28: Germany’s November Consumer Price Index (CPI).
- November 29: Eurozone November Consumer Price Index (CPI).
EUR/USD Chart Analysis
EUR/USD experienced a sharp drop as Eurozone economic sentiment plummeted, accompanied by heightened expectations for an ECB "big cut." As a result, it broke through a two-year support level. However, the Dollar Index faces resistance at the 108 mark, raising hopes for a potential rebound in the euro.
Two scenarios are anticipated depending on the extent of this rebound:
1. A rise to the 1.08500 level, followed by a decline.
2. Resistance near the 1.06000 level, forming a short-term range between 1.03000 and 1.06000.
If the price action deviates from expectations, I will promptly adjust the strategy.
It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- Eurozone economic indicators, including the Services PMI and Manufacturing PMI, show weakness, fueling expectations of a 50 basis point rate cut by the ECB.
- The U.S. Composite PMI reached 55.3, the highest level in 2 years and 7 months.
- U.S. weekly initial jobless claims fell by 6,000 to 213,000, indicating continued strength in the labor market.
- Russian President Vladimir Putin warned that Western countries supporting Ukraine could also face attacks.
Major Economic Indicators
- November 27: Release of FOMC meeting minutes, U.S. Q3 GDP, and U.S. October Personal Consumption Expenditures (PCE) Price Index.
- November 28: Germany’s November Consumer Price Index (CPI).
- November 29: Eurozone November Consumer Price Index (CPI).
EUR/USD Chart Analysis
EUR/USD experienced a sharp drop as Eurozone economic sentiment plummeted, accompanied by heightened expectations for an ECB "big cut." As a result, it broke through a two-year support level. However, the Dollar Index faces resistance at the 108 mark, raising hopes for a potential rebound in the euro.
Two scenarios are anticipated depending on the extent of this rebound:
1. A rise to the 1.08500 level, followed by a decline.
2. Resistance near the 1.06000 level, forming a short-term range between 1.03000 and 1.06000.
If the price action deviates from expectations, I will promptly adjust the strategy.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.