factors that support further upside in EURUSD next 4-8 weeks
- Brexit deal getting finalized. If Hard Brexit risk is removed from market, easy 100+ points upside in EURUSD
- US/China trade war thawing (put on hold, let's put it that way). Signs are there already. Huawei negotiating with US authorities for licenses.
- Another rate cut coming for the DX (FOMC). Almost guaranteed now (90% odds).
- Sequence of lower highs broken on HTF chart (daily)
- retail sentiment (90% SHORT)
factors that still weight heavily on EURUSD
- Very weak ZEW data, very close to recession levels now. Needs to get an uptick soon.
- Brexit financial impact even with the deal signed
- Political stability in the region (France, Spain)
- DXY might produce a major bounce after rate cut (priced out).
let me know if I'm missing something, I'll add it to the list.