EUR/USD continues to decline, although it was briefly touched 1.2915 before closing the session a correction America. Global market sentiment turned negative after Chinese manufacturing data, Japanese and European manufacturing trade balance which indicates economic growth is slowing, traders began to wonder whether the stimulus offered by the central bank will be adequate for the economic recovery.
U.S. data and the Philadelphia Fed Index rose, it is surprising the market and strengthening USD.
Meanwhile, in the D1 chart we can see that the correction of the pair because he was offended at the FIBO 23.6 stochastic but it seems this will allow the pair to go down deeper.
0 comment(s):
Post a Comment