Sell EURUSD Triangle Pattern
Sell EURUSD Triangle Pattern
EUR/USD Trading Sideways: The pair remains stuck between 1.0930 and 1.0960, struggling for direction despite recent developments. Here are the key factors influencing the current situation:
Bullish Factors:
Softer Fed rhetoric: The perceived shift towards a less hawkish Federal Reserve has weakened the US dollar and boosted the euro.
ECB hawkishness: The European Central Bank's commitment to further rate hikes provides some support for the euro.
Risk appetite: A cautious improvement in global risk sentiment slightly benefits the euro.
Bearish Factors:
German concerns: Weak German Ifo business confidence data raises concerns about the eurozone's economic outlook.
Geopolitical uncertainties: Ongoing global tensions, including the war in Ukraine, remain a source of risk aversion and could weigh on the euro.
Profit-taking: After the recent rally, some profit-taking could be pushing EUR/USD lower.
EUR/USD Trading Sideways: The pair remains stuck between 1.0930 and 1.0960, struggling for direction despite recent developments. Here are the key factors influencing the current situation:
Bullish Factors:
Softer Fed rhetoric: The perceived shift towards a less hawkish Federal Reserve has weakened the US dollar and boosted the euro.
ECB hawkishness: The European Central Bank's commitment to further rate hikes provides some support for the euro.
Risk appetite: A cautious improvement in global risk sentiment slightly benefits the euro.
Bearish Factors:
German concerns: Weak German Ifo business confidence data raises concerns about the eurozone's economic outlook.
Geopolitical uncertainties: Ongoing global tensions, including the war in Ukraine, remain a source of risk aversion and could weigh on the euro.
Profit-taking: After the recent rally, some profit-taking could be pushing EUR/USD lower.
Trade active
Trade closed: stop reached
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