EURO - Weak Bearish
1️⃣ In an ECB forum, ECB President Christine Lagarde noted that there are no signs of a recent widespread price hike in the economy, while promising that the ECB will be patient before undertaking policy tightening.
2️⃣ Eurozone Sentix Investor Confidence declined to 16.9 in October, from 19.6 in the previous month.
3️⃣ Eurozone retail sales in August were weaker than market forecasts.
4️⃣ Member of the European Central Bank (ECB) Governing Council and French Bank chief Francois Villeroy de Galhau says he is confident inflation will fall below 2% in a year.
USD - Weak Bullish
1️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected.
2️⃣ The US ISM Services PMI was published higher in September.
3️⃣ In September, private businesses in the United States added 568K employees, the highest in 3 months.
4️⃣ Markets expect that the economy in the United States will add as many as 460K jobs in September, enough to force the Fed to start tapering before the end of the year.
5️⃣ U.S. Senate minority leader Mitch McConnell is offering a short-term suspension of the U.S. debt ceiling, to end a deadlock that could cause the government to default on debt.
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Technical
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Sell opportunity for EURUSD if the prices failed to the resistance.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ In an ECB forum, ECB President Christine Lagarde noted that there are no signs of a recent widespread price hike in the economy, while promising that the ECB will be patient before undertaking policy tightening.
2️⃣ Eurozone Sentix Investor Confidence declined to 16.9 in October, from 19.6 in the previous month.
3️⃣ Eurozone retail sales in August were weaker than market forecasts.
4️⃣ Member of the European Central Bank (ECB) Governing Council and French Bank chief Francois Villeroy de Galhau says he is confident inflation will fall below 2% in a year.
USD - Weak Bullish
1️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected.
2️⃣ The US ISM Services PMI was published higher in September.
3️⃣ In September, private businesses in the United States added 568K employees, the highest in 3 months.
4️⃣ Markets expect that the economy in the United States will add as many as 460K jobs in September, enough to force the Fed to start tapering before the end of the year.
5️⃣ U.S. Senate minority leader Mitch McConnell is offering a short-term suspension of the U.S. debt ceiling, to end a deadlock that could cause the government to default on debt.
=====
Technical
=====
Sell opportunity for EURUSD if the prices failed to the resistance.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.