Main Scenario: Short term expectations as long as it remains below 1.1238 level NEGATIVE!
Target Expectation: 1,1122 – 1,1090 – 1,1060
Considerations Supporting The Scenario: The top of the downtrend starting at 1.1411 and the Ichimoku Kinko Hyo indicator that supports this trend crosses the 1.1238 level.
Alternative Scenario: If the 1.1238 level is crossed upwards, POSITIVE!
Alternative Target Expectation: 1,1285 – 1,1320 – 1,1347
Critical News of the Day: The most important economic news of the day for EURUSD parity prices;
- Manufacturing Purchasing Managers Index (PMI) data for Europe from France, Germany and the Euro area
- US Production Purchasing Managers Index and New Home Sales data.