As I predicted yesterday, today was a bearish day for EUR/USD. Looks like it's gonna close near 1.12 figure heading into the Asian session.
Bears need to break 1.119 hourly support first and close below the next support around 1.1172 to confirm the bearish bias.
Watch out for tomorrow's economic indicators: German GDP, European GDP and Us retail sales.
The broader picture remains bearish as long as 1.126 isn't breached.
Good luck
Bears need to break 1.119 hourly support first and close below the next support around 1.1172 to confirm the bearish bias.
Watch out for tomorrow's economic indicators: German GDP, European GDP and Us retail sales.
The broader picture remains bearish as long as 1.126 isn't breached.
Good luck
Ramzi Abou Abdallah, CFTe, CMT
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