Latest data released by the ECB - 26 November 2020
- Prior +10.4%
Slight delay in the release by the source. Broad money growth continues to swell in the euro area, with loans to households keeping steady at +3.1% y/y while loans to corporates were seen at +6.8% y/y - down slightly from the annual change last month.
Further Development
Analyzing the current trading chart of EUR/USD, I found that the buyers got exhausted today andthat EUR got downside breakout of the rising wedge in the background, which is good sign for further downside price.+
Watch for selling opportunities on the rallies with the downside targets at 1,1880, 1,1843 and 1,1804.
Key resistance is set at 1,1940
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Palladium and Lean Hogs today and on the bottom Wheat and Cocoa.
Key Levels:
Resistance: 1,1940
Support levels: ,1880, 1,1843 and 1,1804.
