FUNDAMENTALS
Europe is still fighting with shortage of gas and electric energy, high inflation and at the start of the week we saw GDP slowing down.
In America today news came out about Non farm payroll which has been better than expected which is good for dollar's strenght.
Also the unemployment rate has been released which was worse than expected ( in october was 0,2% higher and 0,1% more then expected).
Fed also increased interest rates for another 75 bps and current interest rate in america is 4% which gives dollar more and more strenght.
Client sentiment index: Long positions : 63% / Short positions: 37%
From fundamental point of view I'm bearish on EUR/USD .
TECHNICALS
Price is moving in beaarish flag which is bearish pattern and giving us confirmation that bears are in control.
Today after NFP price did a nice push to the upside to "trap" longs and now I think it's time for short EUR/USD.
My target is yellow area 0.95500 .
This is what I'm expecting from EUR/USD.
Nothing in this post should be used as a financial advice.
STAY SAFE, TRADE YOUR ANALYISIS AND DO YOUR OWN RESEARCH.
Europe is still fighting with shortage of gas and electric energy, high inflation and at the start of the week we saw GDP slowing down.
In America today news came out about Non farm payroll which has been better than expected which is good for dollar's strenght.
Also the unemployment rate has been released which was worse than expected ( in october was 0,2% higher and 0,1% more then expected).
Fed also increased interest rates for another 75 bps and current interest rate in america is 4% which gives dollar more and more strenght.
Client sentiment index: Long positions : 63% / Short positions: 37%
From fundamental point of view I'm bearish on EUR/USD .
TECHNICALS
Price is moving in beaarish flag which is bearish pattern and giving us confirmation that bears are in control.
Today after NFP price did a nice push to the upside to "trap" longs and now I think it's time for short EUR/USD.
My target is yellow area 0.95500 .
This is what I'm expecting from EUR/USD.
Nothing in this post should be used as a financial advice.
STAY SAFE, TRADE YOUR ANALYISIS AND DO YOUR OWN RESEARCH.