Analyst
Bullish Preference: Buy position is envisaged if price trades above 1.18193 with take profit at 1.18842
Bearish Analysis: Sell position is envisaged if price trades below 1.18044 with take profit at 1.17533
Core PPI m/m (USD) 2:30 PM
PPI m/m (USD) 2:30 PM
Prelim UoM Consumer Sentiment (USD) 4 PM
Comment: The currency pairing has had a tough time this week with market sentiment flip-flopping back and forth on coronavirus and looks set to pour cold water over the optimism generated by the previous week's bullish breakout. Investors in the EU region are looking up to the stimulus as proscribed by the ECB President, which is still expected before the end of the year.
Bearish Preference: Sell position is envisaged if price trades below 12916.30 with take profit at 12868.20
Bullish Preference: Buy position is envisaged if price trades above 13073.72 with take profit at 13149.65
No major economic data with direct bearing on the index
Comments: European Central Bank President Christine Lagarde cautioned Wednesday over expecting too much too soon from a COVID-19 vaccine. She said “While the latest news on a vaccine looks encouraging, we could still face recurring cycles of accelerating viral spread and tightening restrictions until widespread immunity is achieved''. Mindful of the fact that the time frame for getting effective vaccines distributed still leaves the COVID-19 virus plenty of time to hurt the economy still further.
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
Kobi
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
Ebere Uzodinma
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
Oluwaseun Kayode
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade
Adefuwa Ayodele