Sam_Eder

EurUsd - Pressure to the Short Side

Short
FX:EURUSD   Euro / U.S. Dollar
EurUsd and other european assets under pressure post-PMI data as Germany and France continue to show
contraction. PMIs anticipate GDP trends by about 6 months so all this is bad news for growth.

Euro finally reacts and we're down 100 pips already. This opens up further downside into next week
towards 1.1200.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.