EUR/USD looked for a new direction after the big blows eventually closing . Final PMIs dominate the first week of November. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
Germany’s IFO data came out a bit mixed when looking at the different components, but inflation is on the rise. The debate in the ECB is raging on. In the US, a hint about a December hike from the Fed sent the pair falling and dipping under 1.09, but also in the US, things aren’t that clear, especially as growth is weak. It’s going to get even busier.
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