The euro area (EA) faced a 7.4% annual inflation in April, and the European Union (EU) had an 8.1% price growth. Rates hikes are crucial for the economy to stop collapsing; still, the ECB is doing nothing but talk. Step by step, we’ll find out what will happen with Europe.
EUR/USD: euro on Cloud’s support
2019-11-11 • Updated
Technical levels: support – 1.1300; resistance – 1.1415.
- Sell — 1.1400; SL — 1.1420; TP1 — 1.1350; TP2 — 1.1300.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market returned to support of the Cloud – Senkou Span B – but the Bears can breakdown the Cloud.
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