EURUSD analysis week 51
🌐Fundamental Analysis
The outlook for the US dollar remains firm after the Fed's rate cut. ECB's Patsalides postponed the prospect of a larger rate cut and advocated gradual policy easing.
The US dollar (USD) maintained its strength on Thursday after outperforming its hawkish Federal Reserve (Fed) dot-matrix rivals on Wednesday. Upbeat macroeconomic data from the US continued to support the currency. However, EUR/USD maintained its position.
🕯Technical Analysis
EURUSD is recovering to the resistance level of 1.045. This is the confluence of EMA and strong selling pressure to break the old resistance. And now this is the immediate resistance level that the pair needs to overcome if it wants to resume the uptrend. The main resistance for next week is seen around 1.053 as a break of this zone confirms the uptrend.
On the other side, after breaking last week's bottom at 1.034, the area that will help EURUSD price to survive a long slide is the support zone at 1.029.
📈📉Trading Signals
BUY EURUSD 1.029-1.027 Stoploss 1.025
SELL EURUSD 1.052-1.054 Stoploss 1.056
The outlook for the US dollar remains firm after the Fed's rate cut. ECB's Patsalides postponed the prospect of a larger rate cut and advocated gradual policy easing.
The US dollar (USD) maintained its strength on Thursday after outperforming its hawkish Federal Reserve (Fed) dot-matrix rivals on Wednesday. Upbeat macroeconomic data from the US continued to support the currency. However, EUR/USD maintained its position.
🕯Technical Analysis
EURUSD is recovering to the resistance level of 1.045. This is the confluence of EMA and strong selling pressure to break the old resistance. And now this is the immediate resistance level that the pair needs to overcome if it wants to resume the uptrend. The main resistance for next week is seen around 1.053 as a break of this zone confirms the uptrend.
On the other side, after breaking last week's bottom at 1.034, the area that will help EURUSD price to survive a long slide is the support zone at 1.029.
📈📉Trading Signals
BUY EURUSD 1.029-1.027 Stoploss 1.025
SELL EURUSD 1.052-1.054 Stoploss 1.056
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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.