🇺🇸 USD - Weak Bullish
1️⃣ Rebound in yields after a firmer than expected Retail Sales supported rate hike bets.
🇪🇺 EURO - Strong Bearish
1️⃣ The EUR remained under pressure following weak economic data in the region.
2️⃣ European Central Bank (ECB) Governing Council member and French Bank chief Francois Villeroy de Galhau said he was confident inflation would fall below 2% in a year.
3️⃣ Germany and the Eurozone will publish preliminary readings of the Manufacturing & Services PMI. Both PMIs were seen declining in October following the recent weak ZEW economic data.
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Technical
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We are selling the EURUSD after it breaks the support level.
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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 Rebound in yields after a firmer than expected Retail Sales supported rate hike bets.
🇪🇺 EURO - Strong Bearish
1️⃣ The EUR remained under pressure following weak economic data in the region.
2️⃣ European Central Bank (ECB) Governing Council member and French Bank chief Francois Villeroy de Galhau said he was confident inflation would fall below 2% in a year.
3️⃣ Germany and the Eurozone will publish preliminary readings of the Manufacturing & Services PMI. Both PMIs were seen declining in October following the recent weak ZEW economic data.
=====
Technical
=====
We are selling the EURUSD after it breaks the support level.
=====
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.
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❌ TRADE HAS HIT SL
-40 PIPS
USD turned weaker as US stock recovered.
-40 PIPS
USD turned weaker as US stock recovered.