EURUSD Short due to Germany Retail Sales Short

Kort

Euro / USA-dollar (OANDA:EURUSD)

Uppdaterad

OANDA:EURUSD Euro / USA-dollar

Trend Analysis EURUSD EU Bearish Patterns

German Retail sales fell 2.2%, and Germany having the highest GDP out of all countries in the EU will effect the EU's GDP significantly. Causing a continue in the Bear trend on the weekly chart with a possible resistance of 1.09534

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The bear run will be solidified if the US comes out strong with the Personal income eval. for July

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Yearly GDP was short

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Now waiting for results for US PCI and personal income

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Personal Spending for July is up .1% and Personal income fell .4%, EU is on a bear run

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52 pips so far, holding my position.

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Trade closed to assess retest

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Trade reopened TP set to 1.0700

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Trade is valid and should continue into October with the Brexit negotiations

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Resistance Broken Looking for 1.07326 as next possible resistance

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@KTAS

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Continuing long downtrend

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