EUR - BEARISH
1️⃣ Eurozone growth and inflation slowing at the same time.
2️⃣ Delay of the EU Recovery Fund.
3️⃣ Resurgence of virus with further lockdown restrictions announced in Germany.
4️⃣ The ECB is expected to add additional easing in December and has a long fight with inflation to deal with.
AUD - BULLISH
1️⃣ COVID-19 vaccine optimism underpinned the AUD.
2️⃣ China’s NBS Manufacturing PMI, Non-Manufacturing PMI beat market forecasts in November.
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Technical
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We are looking to sell the EURAUD and the resistance of 1.62600 on the H1 chart.
1️⃣ Eurozone growth and inflation slowing at the same time.
2️⃣ Delay of the EU Recovery Fund.
3️⃣ Resurgence of virus with further lockdown restrictions announced in Germany.
4️⃣ The ECB is expected to add additional easing in December and has a long fight with inflation to deal with.
AUD - BULLISH
1️⃣ COVID-19 vaccine optimism underpinned the AUD.
2️⃣ China’s NBS Manufacturing PMI, Non-Manufacturing PMI beat market forecasts in November.
=====
Technical
=====
We are looking to sell the EURAUD and the resistance of 1.62600 on the H1 chart.
Ordre annulé:
Some changes in Eurozone sentiment boosted the EUR