Technical Analysis

Moving away from the 50% retracement The EURUSD is continuing the move to the downside and in the process is moving away from the 50% retracement 1.1089.  The next target would be a lower channel trendline that comes in at 1.10768. Below that is the 100 day moving average at 1.1063. Also near that level is the 61.8% retracement of the move
Another soggy close as gains cannot be sustained The major US stock indices sagged into the close for the 2nd consecutive day as markets await Dec 15 tariff date (will the US add tariffs or postpone them and what will the China response be), FOMC and ECB decisions on Wednesday and Thursday respectively. The ECB