Monday’s Eurozone calendar:
- Germany’s factory orders and retail sales data at 0700 GMT.
- Eurozone Sentix investors’ confidence numbers at 0930 GMT.
- Eurozone retail sales report at 1000 GMT.
Major Pairs Technical Analysis:
EUR/USD:
- Momentum Flat, Choppy trade to continue
- 110-SMA may cap any meaningful upside
- Decisive break above 110-EMA with upbeat data could see further gains
EUR/JPY:
- Momentum highly bearish, MACD still supports downside
- Recovery lacks traction, downside resumption likely
- Re-test of 120 levels likely on poor data
EUR/GBP:
-Intraday bias bearish, momentum with the bears
- 55-EMA is strong support, breach there could see weakness
- Brexit uncertainty to keep pressure on GBP, could limit major downside
