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Thread: Eurozone Consumer Confidence

  1. #1
    Pips Are My Game thelastbear's Avatar
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    Jun 2013
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    Default Eurozone Consumer Confidence

    On Friday we will get a look at the Eurozone Consumer Confidence report which is expected to come in at -14.5% which would be an improvement from the previous -15.6 reading. Either way it is a negative print and not a very encouraging sign for the Eurozone economy.

    I expect the EURUSD as well as the GBPUSD to start a minor correction, but keeping the general uptrend alive. I am looking for higher lows and I plan to keep buying the dips for now until something major changes.

  2. #2
    Pips Are My Game Rambo35's Avatar
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    Default Re: Eurozone Consumer Confidence

    The euro did rally nicely against the USD, but in my opinion we are a bit overbought here. I am a but cautious with the EURUSD. I do agree on the correction and plan to buy the dips on the GBPUSD for now.


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