things I think could affect and happen in eur/usd:
technical: could bounce from a 2020 trend line, could bounce from a pitchfork median, indecision and reversal daily candle, could bounce from a 0.5 fib. level. all those things makes it look bearish, but I have some reasons for it to be technically bullish: it has bounced from a 2003 september low which it has done before as well, we could also see a bounce from a weekly pivot point (S1) which could mean further bullish moves to another pivot (P)
fundamental: virus cases could get better/worse, on Thursday we're supposed to see German inflation reports which could affect eur/usd, last week we saw ¨coronabonds¨ at 500B to support countries and businesses from EU countries, but that also exposed some bad relationship between some EU countries. I guess we will have to see how these bonds help countries and that maybe could give some positivity to Europe.
I think this could be bearish, but it will depend a lot on hope for Europe and how much these bonds actually helped Europe. And don't forget the Germany inflation report on Thursday which could affect eur/usd
(this is my research, it shouldn't be considered as facts)
technical: could bounce from a 2020 trend line, could bounce from a pitchfork median, indecision and reversal daily candle, could bounce from a 0.5 fib. level. all those things makes it look bearish, but I have some reasons for it to be technically bullish: it has bounced from a 2003 september low which it has done before as well, we could also see a bounce from a weekly pivot point (S1) which could mean further bullish moves to another pivot (P)
fundamental: virus cases could get better/worse, on Thursday we're supposed to see German inflation reports which could affect eur/usd, last week we saw ¨coronabonds¨ at 500B to support countries and businesses from EU countries, but that also exposed some bad relationship between some EU countries. I guess we will have to see how these bonds help countries and that maybe could give some positivity to Europe.
I think this could be bearish, but it will depend a lot on hope for Europe and how much these bonds actually helped Europe. And don't forget the Germany inflation report on Thursday which could affect eur/usd
(this is my research, it shouldn't be considered as facts)
Comment:
i didnt apply the pivot points apparently