EURUSD Today's big news release for USD: - S&P Global Services PMI: previous 55 forecast 55.3 - S&P Global Manufacturing PMI previous 48.5 forecast 48.8
If numbers come out as forecasted or higher we can expect a continuation of the downtrend, especially because EUR news came in very bearish for this pair.
Please share your thoughts if you have any.
Disclaimer: This is only my opinion, and I have little experience in fundamental analysis. Please don't place trades based on what I wrote.
EURUSD Every possibility that this is simply a retrace before pushing further downwards. Still on the final stretch of Wave 5, Point B to C on the Daily Elliot Wave. We hit point B on the 25th September and we've just reached (and surpassed) Fibonacci retracement 1 @ 1.0386.4. We could continue moving downwards to 1.618 Fibonacci retracement at 0.98751.
EURUSD it is incredible how much power Trump has. His election managed to bring the Euro to it's knees.The collective Europe union bows down to one American..