Euro / U.S. DollarShort
EUR/USD how strong can be the correction and what can cap it?
What is moving the market today?
1- There is an absence of Fundamental news ( means bearish continues )
2- GFK Germany climate seen dropped ( against EU appreciation )
what is the bears target? CONSIDERING FORECASTS OF UPCOMING DATA
1- If the ECB speech hints to dovish which is highly expected would push the price for new lows
2- If U.S. data today results upbeat would give the final strength for bears
If both happens the price shall break below 1.2150
LATER IN THE DAY THERE WILL BE SPEECHES FROM ECB MEMBERS, ANY HINTS TO FUTURE HAWKISH (THOUGH IT IS UNEXPECTED ) WILL TOTALLY PUSH FOR A REVERSAL UPWARDS AND MAYBE NEW HIGHS
1- There is an absence of Fundamental news ( means bearish continues )
2- GFK Germany climate seen dropped ( against EU appreciation )
what is the bears target? CONSIDERING FORECASTS OF UPCOMING DATA
1- If the ECB speech hints to dovish which is highly expected would push the price for new lows
2- If U.S. data today results upbeat would give the final strength for bears
If both happens the price shall break below 1.2150
LATER IN THE DAY THERE WILL BE SPEECHES FROM ECB MEMBERS, ANY HINTS TO FUTURE HAWKISH (THOUGH IT IS UNEXPECTED ) WILL TOTALLY PUSH FOR A REVERSAL UPWARDS AND MAYBE NEW HIGHS
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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.