On the US side no major macroeconomic figures will be released today. EU will release preliminary Q3 GDP, expected to report a 0.4% growth in the three months to September, while Germany will release preliminary October inflation figures.
The main picture is quite bearish under the lights of major fundamentals. If EU and Germany data of today do not meet the expectations, we might see the pair breaking below 1.13500 and 1.13300 support.
Our first target is 1.12500 where we can see a major retracement.
If the pair would not be able to break below 1.13300, it is likely to test 1.14300 – 1.14700 region.
We will use those levels to add short positions and our targets will be 1.12400 and 1.11100.
Entry Alerts will be sent to members.
The main picture is quite bearish under the lights of major fundamentals. If EU and Germany data of today do not meet the expectations, we might see the pair breaking below 1.13500 and 1.13300 support.
Our first target is 1.12500 where we can see a major retracement.
If the pair would not be able to break below 1.13300, it is likely to test 1.14300 – 1.14700 region.
We will use those levels to add short positions and our targets will be 1.12400 and 1.11100.
Entry Alerts will be sent to members.
For alerts,charts,special reports,news and singals over 15.000 + instruments contact us via pm or our free Discord: discord.gg/Ku9kzfq
Link to services and products: linktr.ee/chartreaderpro
Link to services and products: linktr.ee/chartreaderpro
