Going down
Technical:
1. Double top and bounced down on 1h
2. Hit daily trendline top on daily
3. Head and shoulders formation still not finished on daily
Fundamental:
1. Unclear situation with Brexit
2. GfK Consumer Confidence is getting worse in UK (should be announced soon)
3. German GfK Consumer Climate is getting worse in Germany (also should be announced soon)
4. French Consumer Spending m/m is getting slower (lets see news tomorrow)
5. Important: UK Current Account prognosed that is getting worse
6.UK Public Sector Net Borrowing is lower
7. Core Durable Goods Orders m/m in USA shows growth
8. Durable Goods Orders m/m in USA also shows growth
All in all Euro vs USD should go down till new year
P.S. I am newie so feel free to criticise :)
1. Double top and bounced down on 1h
2. Hit daily trendline top on daily
3. Head and shoulders formation still not finished on daily
Fundamental:
1. Unclear situation with Brexit
2. GfK Consumer Confidence is getting worse in UK (should be announced soon)
3. German GfK Consumer Climate is getting worse in Germany (also should be announced soon)
4. French Consumer Spending m/m is getting slower (lets see news tomorrow)
5. Important: UK Current Account prognosed that is getting worse
6.UK Public Sector Net Borrowing is lower
7. Core Durable Goods Orders m/m in USA shows growth
8. Durable Goods Orders m/m in USA also shows growth
All in all Euro vs USD should go down till new year
P.S. I am newie so feel free to criticise :)
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