Hello everyone, let’s update the latest developments of EUR/USD together!
Currently, EUR/USD is maintaining its recovery momentum, trading around 1.0880-1.0900 after successfully breaking out of the descending price channel. The bullish momentum is supported by a weaker USD and expectations of a dovish monetary policy from the Federal Reserve (Fed).
On the chart, after escaping the downtrend channel, EUR/USD is consolidating within a narrow price range, supported by the EMA line. This suggests a technical correction before the uptrend resumes. A breakout above the 1.0935-1.0950 resistance zone could extend gains toward 1.1000 in the near future.
From a macroeconomic perspective, US inflation data and the Fed’s policy outlook will have a significant impact on the USD. If economic data continues to weaken, USD pressure will increase, giving EUR/USD more room to rise.
Given the current market setup, a reasonable trading strategy is to wait for a breakout signal from this price range before entering trades in the direction of the trend.
Currently, EUR/USD is maintaining its recovery momentum, trading around 1.0880-1.0900 after successfully breaking out of the descending price channel. The bullish momentum is supported by a weaker USD and expectations of a dovish monetary policy from the Federal Reserve (Fed).
On the chart, after escaping the downtrend channel, EUR/USD is consolidating within a narrow price range, supported by the EMA line. This suggests a technical correction before the uptrend resumes. A breakout above the 1.0935-1.0950 resistance zone could extend gains toward 1.1000 in the near future.
From a macroeconomic perspective, US inflation data and the Fed’s policy outlook will have a significant impact on the USD. If economic data continues to weaken, USD pressure will increase, giving EUR/USD more room to rise.
Given the current market setup, a reasonable trading strategy is to wait for a breakout signal from this price range before entering trades in the direction of the trend.
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Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.