- Currently 2 doji's at the top of the Ichimoku cloud
- Stochastic extremely overbought
- Almost perfect negative correlation between the EUR/USD with FTSE, SPX
- Sitting right below the 0.382 Fib line
- If tonight's GDP is revised down there will be a decent sell off. Tomorrow's ECB decision will have a much larger impact with Friday's NFP having the final say in where we head for the next week. Currently awaiting a clear direction but the technicals & fundamentals still slightly favor the downside.
- Stochastic extremely overbought
- Almost perfect negative correlation between the EUR/USD with FTSE, SPX
- Sitting right below the 0.382 Fib line
- If tonight's GDP is revised down there will be a decent sell off. Tomorrow's ECB decision will have a much larger impact with Friday's NFP having the final say in where we head for the next week. Currently awaiting a clear direction but the technicals & fundamentals still slightly favor the downside.