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 located under daily resistance
2019-11-11 • Updated
Technical levels: support – 1.0820; resistance – 1.0930.
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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