Well, I am letting the market settle some dust and tomorrow I can continue again, now its late for me.
Tomorrow only US PPI is a significant release, so in the morning European Open/London Open, the market will have the US CPI figures as a top theme and Energy Crisis - we are there! The most probable and in all wires is that we are going soon into a recesion. That means lower manufacturing activity and higher unemployment with GDP numbers below 0%
I believe that EURUSD isn't over yet with its downside price action which can reach below parity for well and stay below there, but that until I see some more bullish price action in small timeframes.
If, I see better price action I'll let you know!
Have a great rest of the day ahead.
Tomorrow only US PPI is a significant release, so in the morning European Open/London Open, the market will have the US CPI figures as a top theme and Energy Crisis - we are there! The most probable and in all wires is that we are going soon into a recesion. That means lower manufacturing activity and higher unemployment with GDP numbers below 0%
I believe that EURUSD isn't over yet with its downside price action which can reach below parity for well and stay below there, but that until I see some more bullish price action in small timeframes.
If, I see better price action I'll let you know!
Looking for profitable short term trades ...|
2