Comments by UK prime minister, Boris Johnson
- The economy has been shaken by the virus crisis
- UK has shortages of many crucial skills
Pretty much just stating the fact, but the slack in the UK labour market has been rather well documented for quite a while already even before the pandemic struck.
Johnson is outlining plans to transform the UK's training and skills system, so there isn't much else of note so far.
As I discussed in the previous review, the EUR is still in the the downward trend and I see further downside continuation.
The level at 1,1700 seems like solid resistance for the price today and there is potential for the downside rotation towards the level of 1,1615.
Further Development
Analyzing the current trading chart of EUR, I found good sell-zone location at 1,1700 and lack of buying power, which is good sign for selling opportunities.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Orange Juice and Silver today and on the bottom Lumber and Natural Gas.
Key Levels:
Resistance: 1,1700
Support levels: 1,1615 and 1,1540
