EUR - BEARISH
1️⃣ Strong manufacturing survey from the US supported dollar demand.
2️⃣ Germany's retail sales fell unexpectedly in July, raising concerns about the recovery in Europe's largest economy. In addition, consumer prices in the Eurozone fell in August for the first time since May 2016 and the core inflation hit a record low.
USD - BULLISH
1️⃣ Recent upbeat economic data raised optimism about the pace of the US economic recovery. The ISM manufacturing PMI reached the highest in near 2 years.
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TECHNICAL
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- We are looking to short EURUSD on pivot point level + SBR level on H1 chart.
- EURUSD in bearish zone.
1️⃣ Strong manufacturing survey from the US supported dollar demand.
2️⃣ Germany's retail sales fell unexpectedly in July, raising concerns about the recovery in Europe's largest economy. In addition, consumer prices in the Eurozone fell in August for the first time since May 2016 and the core inflation hit a record low.
USD - BULLISH
1️⃣ Recent upbeat economic data raised optimism about the pace of the US economic recovery. The ISM manufacturing PMI reached the highest in near 2 years.
=====
TECHNICAL
=====
- We are looking to short EURUSD on pivot point level + SBR level on H1 chart.
- EURUSD in bearish zone.
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