2 minute daily review EUR / USD
Good-morning guys,
I’m currently still in this short on EURUSD which was almost called to perfection in my eyes.
If I look at it form my macro perspective I still see the USD being hawkish after everything is bullish and almost all economic indicators are in the GREEN. Still the focus will be on the inflation numbers, which the dollar relies on heavily.
The Euro is Dovish in my eyes after German inflation slows in July, which is the largest leading economy in the EU. increased 0,3% on the month in July matching June.
- European shares dropped on Tuesday as Italian banks came under pressure after the cabinet approved a 40% windfall tax on lenders.
My technicals aligned perfect with my macros and that’s why I took this position.
I’m currently still in this short on EURUSD which was almost called to perfection in my eyes.
If I look at it form my macro perspective I still see the USD being hawkish after everything is bullish and almost all economic indicators are in the GREEN. Still the focus will be on the inflation numbers, which the dollar relies on heavily.
The Euro is Dovish in my eyes after German inflation slows in July, which is the largest leading economy in the EU. increased 0,3% on the month in July matching June.
- European shares dropped on Tuesday as Italian banks came under pressure after the cabinet approved a 40% windfall tax on lenders.
My technicals aligned perfect with my macros and that’s why I took this position.
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