Analyst
Intraday: Bearish
Preference: Sell position is envisaged at current price with take profit at 12961.6 Alternative scenario: Buy position is envisaged if price trades above 13052.7 with take profit at 13169.6.
German ZEW Economic Sentiment (EUR) 11 am
Comments:
Global stocks are currently under pressure as investors are fretting over the possibility of another round of tariffs on Chinese imports to take effect on December 15.
Intraday: Bullish
Preference: Buy position is envisaged at 1.10778 with take profit at 1.10874
Alternative scenario: Sell position is envisaged if price trades below 1.10564 with take profit at 1.10434
German ZEW Economic Sentiment (EUR) 11 am Comments: With expected Tariffs kicking in on the 15th of December, One would expect the instrument push up technically and try to break into the 1.10800 regions in the coming days.
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