EuroUsd Bear High RR

>ES HCOB Manufacturing PMI 48 48.4 47.2
>IT HCOB Manufacturing PMI 43.8 45.9 44.9
>FR HCOB Manufacturing PMI Final 46 45.7 45.5
>DE HCOB Manufacturing PMI Final 40.6 43.2 41
>EA HCOB Manufacturing PMI Final 43.4 44.8 43.6
Balanc of trade Germany's trade surplus narrowed to EUR 14.4 billion in May 2023, the smallest since last December.

Us Dollar >In June 2023, the ISM Manufacturing PMI in the United States declined to 46 From 46.9 and forexcast of 48, indicating a faster contraction in the manufacturing sector since May 2020. Weak demand and reduced production contributed to the decline, with companies expressing less optimism for the second half of the year. New orders, production, employment, inventories, and backlog of orders all decreased. Price pressures eased, and supplier deliveries improved. However, customers' inventories dropped into 'too low' territory, which could have a positive impact on future production.

We are waiting for the upcoming news while we forecast a weaker Eur Data and Stronger Dollar

Euro
FR Industrial ProductionMoM
EA ECB Non-Monetary Policy Meeting
ES Industrial Production YoY
ES HCOB Services PMI JUN
IT HCOB Services PMI JUN
FR HCOB Services PMI Final JUN
DE HCOB Services PMI Final JUN
EA HCOB Services PMI Final JUN
Ea PPI Mom
Ea PPI YoY

Dollar
Factory Orders MoM
IBD/TIPP Economic Optimism
FOMC Minutes

Seasonal Tendency Is Bearish for Eur till 10 July and Bullish for Dollar
Cot Reports Commercials are Bearish in Eur
Retail Money is the only negative confluence where 55% of retailers are bearish on Eu
Beyond Technical AnalysisFundamental AnalysisTrend Analysis

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