Weekly report – Fundamentals Digest December 9th
In our Weekly analysis we did on Sunday we covered the macro and we covered 2 pairs.
If you read our Weekly Analysis you read that we wanted 1.09600 for a short entry on EUR/USD. However we didn’t get that as price was bearish as we wanted it to be. Massive slide in EUR/USD after dissinflation in Germany and very bad data coming in for euro the past week.
On another side we had Dollar with a build in Non farm payrolls and drop in unemployment.
We didn’t manage to catch this move but Macronomics again worked its magic in giving the right signal.
Again, as in EUR/USD we wanted a deeper correction into 1.48500 before taking a short position, given the fact of the negative Euro data we didn’t get that correction, but price presented some good opportunities in the lower timeframes. Hopefully, you caught this moves to the downside provided by Macronomics.