The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
EUR/USD: euro corrected to Cloud
2019-11-11 • Updated
Technical levels: support – 1.1545; resistance – 1.1620, 1.1650.
- Sell — 1.1650; SL — 1.1670; TP1 — 1.1545; TP2 – 1.1510
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun; the market goes to correction and will test the Cloud’s resistance.
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