Today is not an important day for GBP. But CONSTRUCTION PMI DATA is due to be released today for GBP. It's the LOW IMPACT NEWS. But there is some significance. Also GERMAN FACTORY ORDERS and PPI m / m DATA will be released for EUR today. They are also HIGH VOLATILE but are very important INDICATORS.
- EUR FEATURE currently stands at 1.0921 LEVEL. We can expect a very DOWN TREND compared to the previous days. It is located below the DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.3065 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold and bought in the form of a STRUCTURE. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX is getting a bit UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF.
- EURGBP PRICE can be DOWN to 0.8303 LEVEL before UP. Then you can UP to LEVEL 0.8498. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT.
- EUR FEATURE currently stands at 1.0921 LEVEL. We can expect a very DOWN TREND compared to the previous days. It is located below the DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.3065 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold and bought in the form of a STRUCTURE. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX is getting a bit UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. There is a NEUTRAL BIAS currently on the market. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF.
- EURGBP PRICE can be DOWN to 0.8303 LEVEL before UP. Then you can UP to LEVEL 0.8498. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT.