Trading news

Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020

The Euro extends gains above 1.19 after weaker than expected US macro data yesterday. Today, we have the German GfK Consumer Confidence Survey for December which is expected to print at -5. As Germany is facing a second wave of coronavirus and has reimposed economically-painful lockdown restrictions, the data could come in well below expectations which could cap the gains for the single currency in the short-term. However, buying the dips will remain our strategy for now as markets are expecting the ECB to announce additional stimulus in December.

Support: 1.1890 / 1.1850
Resistance: 1.1950/ 1.20

SquaredFinancial Daily Market Outlook

TRADE NOW

SquaredFinancial Review

Thursday, 26 Nov, 2020 / 9:37

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.squaredfinancial.com/learn/daily-market-outlook/euro-bulls-targeting-1-20-eur-usd-market-outlook-26-11-2020

Trading news

 

USDCAD 5-Wave Impulse To Complete Triple Zigzag

The USDCAD currency pair forms a primary wave Ⓩ which is part of a global [...]

Posted on Wednesday, 27 Jan, 2021 / 12:54 under

Republicans U-Turn On Trump Impeachment

Dollar Slides Ahead of FOMC The dollar index closed 0.27% lower yesterday as [...]

Posted on Wednesday, 27 Jan, 2021 / 12:53 under

OIL breaking higher after a surprise drawdown in API inventories – US OIL Market Outlook – 27/01/2021

WTI Crude breached our line in the sand resistance level at $52.60 to reach [...]

Posted on Wednesday, 27 Jan, 2021 / 9:26 under