Economic confidence 90.9 vs 89.6 expected
While industrial confidence continued to improve, services confidence is seen slipping amid the resurgence in virus cases across the region. That is tempering with economic sentiment surrounding the outlook in Q4 and the announcements by Germany and France yesterday will only add to concerns in the coming months.
Analyzing the current trading chart of EUR/USD, I found that EUR tested the my second downward target at 1,1715 but that there is still space for more downside towards 1,1690 and 1,1615.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Feeder Cattle and NASDAQ and on the bottom Ethanol and Crude Oil.
Support levels: 1,1690, 1,1615
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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