Prior -34
- Trends selling prices -8 vs 0 expected
- Prior 4
UK manufacturing orders is seen declining at a quicker pace in November, with order books seen softening again amid more lockdowns across the region. Of note, output volumes have declined to their slowest pace in over a year, according to CBI.
The CBI readings are a survey on manufacturers to rate the level of volume for orders expected during the next 3 months.
Further Development
Analyzing the current trading chart of EUR/USD, I found that EUR broke the inside day formation to the downside and i see further downside movement on this currency pair.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Ethanol and Orange Juice today and on the bottom Natural Gas and Lumber.
Key Levels:
Resistance: 1,1840/50
Support levels: 1,1700 and 1,1625
