In spite of all the major banks forecasting higher EURUSD rate for 2019, I believe there is more risk in the eurozone than in US.
Namely:
- Eurozone industrial production falling
- Germany close to technical recession
- Brexit, EU parliamentary vote
- Mario Draghi admitting eurozone growth slowing down -> rate hike far away.
Technicals:
-Weekly 61.8 support
- Weekly 20 ema resistance
Trade idea:
- Wait for further slide and see what happens around support
Namely:
- Eurozone industrial production falling
- Germany close to technical recession
- Brexit, EU parliamentary vote
- Mario Draghi admitting eurozone growth slowing down -> rate hike far away.
Technicals:
-Weekly 61.8 support
- Weekly 20 ema resistance
Trade idea:
- Wait for further slide and see what happens around support