EJ WEEKLY OUTLOOK: SHORT
FUNDAMENTALS
EURO NEGATIVE: -rate cuts- quantitative easing - bad data - Brexit - trade war e/u- global slowdown.
EURO POSITIVE: +hawkish view +brexit resolutions +weak JPY +trade relief e/u
TECHNICAL ANALYSIS:
WEEKLY:
Weekly s/r 127,122, 117
Price in sellers area, bearish trend
DAILY:
corrective structure phase - however where price is at anticipating an impulsive phase due to fundamental - confirmed validation at the time.
This bullishness is based on brexit & hope.
Be patient & wait for the set ups because they will pay.
EURO NEGATIVE: -rate cuts- quantitative easing - bad data - Brexit - trade war e/u- global slowdown.
EURO POSITIVE: +hawkish view +brexit resolutions +weak JPY +trade relief e/u
TECHNICAL ANALYSIS:
WEEKLY:
Weekly s/r 127,122, 117
Price in sellers area, bearish trend
DAILY:
corrective structure phase - however where price is at anticipating an impulsive phase due to fundamental - confirmed validation at the time.
This bullishness is based on brexit & hope.
Be patient & wait for the set ups because they will pay.
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