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 tested SSB’s resistance
2019-11-11 • Updated
Technical levels: support – 1.1590; resistance – 1.1690.
- Sell — 1.1690; SL — 1.1710; TP1 — 1.1590; TP2 – 1.1545
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; an irregular golden cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices tested the resistance of SSB and returning to negative area.
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