EUR/USD Strong Bullish Momentum
Updated
Fundamental Analysis: After the Federal Reserve's decision to pause interest rates in order to take a breather, the EUR/USD currency pair is poised for an interesting dynamic. On one hand, ECB remains hawkish in its approach, determined to push inflation further down towards its target. This hawkish stance by the ECB is likely to generate increased demand for the Euro in the market.
Technical Analysis:
the price has recently experienced a substantial break in momentum. However, I anticipate a retracement to occur before the bullish continuation. Based on my analysis, I have identified specific targets that align with this outlook. Considering the contrasting monetary policies between the Federal Reserve and the ECB, it is reasonable to expect the EUR/USD to gain further momentum in the near future.
Targets: 1.09700, 1.10, 1.11
EURUSD
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
Technical Analysis:
the price has recently experienced a substantial break in momentum. However, I anticipate a retracement to occur before the bullish continuation. Based on my analysis, I have identified specific targets that align with this outlook. Considering the contrasting monetary policies between the Federal Reserve and the ECB, it is reasonable to expect the EUR/USD to gain further momentum in the near future.
Targets: 1.09700, 1.10, 1.11
EURUSD "Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
Trade active
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