EUR EURO ZONE
Fundamental: The European Central Bank held its benchmark refinancing rate at 0 percent for the eighth straight time and left the pace of its bond-purchases unchanged on January 19th, as widely expected. Policymakers confirmed the monthly asset purchases will run at the current monthly pace of €80 billion until March, and from April, they are intended to continue at a monthly pace of €60 billion until the end of the year.
GBP UNITED KINGDOM
  • UK Economy Grows 2.2% Year on Year In Q4 2016.
  • UK Unemployment Rate Steady At 11-Year Low Of 4.8%
  • UK Inflation Rate Highest Since 2014
  • UK Trade Deficit Widens Sharply As Imports Jump
TECHNICAL:
TOOLS USED: Stochastic, ADX, Alligator Indicator, Accelerator, Fibonacci Retracement.
WEEKLY CHART:

  • Stochastic is falling and at upper end.
  • ADX falling and constant.
  • AC is in positive territory but falling.
  • Alligator trying to change direction.
MONTHLY CHART:
  • Stochastic is at bottom and trying to crossover in buy mode.
  • ADX rising.
  • AC is in positive trend and falling.
  • Alligator is in buy trend.
CHART

WEEKLY CHART:


MONTHLY CHART:

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