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technical analysis

The markets were trading relatively flat on Monday ahead of key events coming up.

Britain is set to go to the polls this week, with odds currently in favor of the Conservative party gaining a majority.

Elsewhere, the US-China trade talks continue as the deadline for December 15th edges closer. The US is set to levy fresh tariffs on Chinese goods if there is no deal reached by then.

The Fed and the ECB are also due to convene over the week.

Eurozone Sentix Investor Confidence Improves

The Sentix investor confidence for the eurozone turned positive for the first time in six months. The index rose to 0.7 from -4.5 previously. The data was also better than the estimates which forecast a decline to -5.4. This was also the highest level since March 2018.

EURUSD Fails at Minor Resistance

The euro was reversing the intraday gains after a brief rally. Price action turned weaker after the euro hit 1.1072. A retest of this level to establish resistance was expected.

Price action will now have to...

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