EURUSD Daily close yesterday has left us with a Bearish Harami pattern at a weekly fib level at 1.2502. Price has been stuck in a consolidation channel now for the past couple of months. So with a potential Bearish Harami candlestick – what we need to see if we are to see any further negativity on EURUSD is a bearish close to the week. Potential 1st target would be the November support low around 1.2356. Looking to the Fundamentals to see where we might get any data that could help fuel our moves required we have EUR Euro-Zone Consumer Price Index Estimate (YoY) (NOV) figure out at 10am GMT. Forecast is for a 0.1% drop from the previous figure of 0.4% to 0.3%. There is also the EUR Euro-Zone Unemployment Rate (OCT) and EUR ECB 3-year LTRO Repayment on Europe data too around 11am GMT this morning.
Posted on: Fri, 28 Nov 2014 09:43:58 +0000