RobertSoos

EURUSD - Draghi, eco indicators sending euro lower

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FX_IDC:EURUSD   歐元 / 美元
In spite of all the major banks forecasting higher EURUSD rate for 2019, I believe there is more risk in the eurozone than in US.
Namely:

- Eurozone industrial production falling
- Germany close to technical recession
- Brexit, EU parliamentary vote
- Mario Draghi admitting eurozone growth slowing down -> rate hike far away.

Technicals:

-Weekly 61.8 support
- Weekly 20 ema resistance

Trade idea:
- Wait for further slide and see what happens around support

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