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 keep staying in positive mood
2019-11-11 • Updated
Technical levels: support – 1.1720; resistance – 1.1780.
- Buy — 1.1720; SL — 1.1700; TP1 — 1.1780; TP2 – 1.1830
Reason: expanding bearish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; a prices supported by Kijun-sen and may go testing the June’s levels.
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