Canadian retail sales showed a slight rebound in February, rising by 0.1% after a 0.3% drop in January. However, this failed to fully offset the steeper decline earlier in the year, suggesting a weakening momentum in consumer spending. The increase in February was driven by gains in sectors such as sporting goods, hobby retailers, and building materials. Despite the...
EUR/USD: euro located under daily resistance
2019-11-11 • Updated
Technical levels: support – 1.0820; resistance – 1.0930.
Trade recommendations:
1. Sell — 1.0930; SL — 1.0950; TP1 — 1.0820; TP2 – 1.0800.
Reason: bullish Ichimoku Cloud, rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are under strong daily resistance.
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Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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