For EUR/USD traders, the bears are getting ready to take on the scene with a high probability breakout to the downside.
- On the monthly chart, a retracement at least to the 38.2% Fibonacci level can be expected, on the heels of such a long and interrupter surge to the upside.
- On the weekly chart, a significant retracement was observed to the 61.8%, a key movement as it meets resistance – which would support the case for further downward movement.
News that might impact USD:
That being said, stay tuned for President’s Trump session with Fox News later today – I wonder if there are going to be any high impact words that might cause a shaking to the markets and even the Dollar!
News that might impact Euro:
- Rising coronavirus in Europe, particularly France and Spain (both countries have reported the largest number of new cases since April)
- The ECB seem to be waiting rather than charging head on with regards to the economy – which is understandable given the unprecedented time the world and particularly the economy is facing – leaving no clear clues as to how and when it will recover.
- ECB’s governing council have insisted that the ‘EUR 1.35 trillion package for the Pandemic Emergency Purchase Programme (PEPP) should be considered a ceiling rather than a target’
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
هل أعجبك هذا المقال؟ عبّر عن امتنانك بإرسال نصيحة للكاتب.
اترك رسالتك الآن