Jiming Huang / Blog
Back to Europe and UK, the activity is expected to decline by 9% and 7.5% this year according to Goldman Sachs, which warns that the contraction could be as much as 16%, in line with the ECB President Lagarde’s prediction of a 15% decline, if the reopening is slower than expected...
Pivot (invalidation): 16.75 Our preference Short positions below 16.75 with targets at 15.20 & 14.40 in extension. Alternative scenario...
Pivot (invalidation): 15.1300 Our preference Long positions above 15.1300 with targets at 15.4400 & 15.6000 in extension. Alternative scenario...
Pivot (invalidation): 1729.00 Our preference Short positions below 1729.00 with targets at 1715.00 & 1709.00 in extension. Alternative scenario...
Pivot (invalidation): 2779.00 Our preference Long positions above 2779.00 with targets at 2879.00 & 2913.00 in extension. Alternative scenario...
Pivot (invalidation): 10200.00 Our preference Long positions above 10200.00 with targets at 10480.00 & 10610.00 in extension. Alternative scenario...
Pivot (invalidation): 6.9840 Our preference Short positions below 6.9840 with targets at 6.9450 & 6.9200 in extension...
Pivot (invalidation): 0.6400 Our preference Long positions above 0.6400 with targets at 0.6470 & 0.6500 in extension. Alternative scenario...