Most Asian indices traded lower after Goldman Sachs cut its growth forecast for China, amid concern of a cash crunch in the world’s second-largest economy. The German Ifo Business climate is the major data event for today - 106 is now likely from 105.7.
Trade Idea
GBP/USD
The EUR/USD continues to point downward, as the pair tests the 1.31 line. Crucial support lies at 1.3080, A 4h break below that level could lead price to 1.30 . Alternatively, a break above 1.3110 targets 1.3160.
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Disclaimer • Risk Warning
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