No real surprise there. Who can afford a bloody new car!!
European (EU27+EFTA) car sales fell -8.5% in August. Down -6.6% in first eight months through August.
Meanwhile back at the thunderdome, EUR/USD looking a little vulnerable in early European trade, presently at 1.3090. That said, it looked vulnerable yesterday before bouncing strongly. Tricky little market at present as euro consolidates recent gains.
Sell stops seen through both 1.3080 and 1.3075, take your pick. What’s 5 pips between friends.
