$EURUSD - Some economic events that will push Euro higher

23 בדצמ׳ 2020

Hi guys! 👋🏻

🔔 Trump wants to increase the amount of these taxable checks for the Americans. Asides from the $892 billion stimulus checks, the $1.4 trillion in federal spending which is part of the Stimulus bill is also waiting for it’s approval. Donald Trump on his official Twitter account stated that the bill proposed by the Congress is a disgrace and is only $600 which is much lower than the anticipated $2000 per an individual.

🔔 The US government did not set a requirement of passing a Covid-19 test to passengers flying from the UK to the US before boarding their flight, despite the rapidly spreading new Covid-19 strain.

🔔 While the US officials argue on which action is the best to be taken to keep the new variant away from the US, the top US infectious disease expert Dr. Fauci yesterday, December 22, said on live-TV that it is possible that the new variant is already in the US.

🔔 Hanging Brexit negotiations still hold the two major European currencies in an uncertain position, whereas the deal gets postponed, however the EU Chief Negotiator on Tuesday put certainty into the deal saying that both sides are ready to make a “final push”.

🔔 Currently the pair is traded at $1.21950 which is below the resistance of 1.2200. The pair on a 4H chart has formed a symmetrical triangle and the breakout of any edge of the triangle will signal the short-term trend continuation of the pair.

🔔 If the price breaks below the lower edge of the triangle, Euro will drop towards closest support levels at $1.21227 and below that to $1.20840, though I am betting on $1.23000

🔔 The US Economic data which are expected to be released today do not look positive, Initial Jobless claims are expected to be at the same level as previously reported 885K and new home sales in November expected to drop slightly and be at 995K compared to the October’s 999K, personal spending as per November is expected to be as low as -0.2%, 0.7% lower compared to the October’s 0.5%.

✊🏻 Good luck with your trades! ✊🏻
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3 בינו׳ 2021

עסקה סגורה: היעד הושג