EURUSD DAILY Fundamental/Sentiment & Technical analysis

OANDA:EURUSD   Euro / U.S. Dollar
- Fundamental Analysis -

GDP: 20,494 (YoY 2.10%)
Interest Rate: 1.75%
Inflation Rate: 2:10%
Jobless Rate:: 3.50%

GDP: 13,670 (YoY 1.20%)
Interest Rate: 0.00%
Inflation Rate: 1.30%
Jobless Rate: 7.50%

USD favourable for investors, EUR prices likely to continue to fall across other pairs also.

- Risk Sentiment -

Recently Risk-off sentiment looked to be coming into play, however tensions between US/IRAN now look to be de-escalating.

- Technical Analysis -

On the daily chart we can see higher lows, higher highs. Price now stalling around the 1.11600-1.12400 Region. Should we see a pull back into this zone I will provide updates and potential entries on the intraday's 6hr/4hr setups.


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