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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✅ Accurate & Continuous Signals
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✅ 100% Free
✅ Accurate & Continuous Signals
✅ Stay Ahead in the Market
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.