By looking at the monthly chart you can immediately notice the bearish trend-line the market is moving in. The market has been moving in this trend since 1st of June 2018. Key horizontal levels are marked on the 4H time-frame chart for intra-day trading. Would like to see a slight pullback before the drop to 1.05700.
Fundamentals to watch out for this week:
1) U.S. Producer Price Index (PPI) MoM 2) U.S. Core Retail Sales MoM 3) U.S. Retail Sales MoM 4) U.S. JOLTs Job Openings 5) Germany Gross Domestic Product (GDP) QoQ