Ouch that's a bad miss. Fastest rate of contraction since May 2020. Understandably, GBPUSD not liking it and GBPUSD falling back through S1 daily pivot at 1.36663. DXY finding buyers helped by the falling GBP. Increased restrictions in the UK being felt strongly in the services sector.
Analyzing the current trading chart of EUR/USD, I found that there is potential lfor the downside movement.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got VIX and Feeder Cattle today and on the bottom Wheat and Crude Oil.
Support levels: 1,2144 and 1,2080.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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