EUR/USD Possible Bullish Scenario
Updated
Fundamental Analysis:
The recent hawkish stances taken by both the Federal Reserve (Feds) and the European Central Bank (ECB) on interest rates have created a notable impact on the EUR/USD pair. This has sparked concerns about inflation in Europe, especially due to some tense political events in the region. The inflation situation in both economies has shown signs of improvement, but the United States currently boasts a stronger economy with lower unemployment rates, lower inflation, and a higher GDP compared to Europe. This economic disparity may potentially put further pressure on the euro and contribute to the overall bearish sentiment for the EUR/USD.
Technical Analysis:
The technical analysis of the EUR/USD pair after the ECB conference reveals a significant bearish movement in the market. The price has been adhering to a dynamic trend, indicating the presence of strong selling pressure. Despite the prevailing bearish sentiment, there is a possibility of a minor correction, which could lead to a temporary upward movement.
Targets: 1.11200, 1.12300. Possible Target (1.14)
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
EURUSD
The recent hawkish stances taken by both the Federal Reserve (Feds) and the European Central Bank (ECB) on interest rates have created a notable impact on the EUR/USD pair. This has sparked concerns about inflation in Europe, especially due to some tense political events in the region. The inflation situation in both economies has shown signs of improvement, but the United States currently boasts a stronger economy with lower unemployment rates, lower inflation, and a higher GDP compared to Europe. This economic disparity may potentially put further pressure on the euro and contribute to the overall bearish sentiment for the EUR/USD.
Technical Analysis:
The technical analysis of the EUR/USD pair after the ECB conference reveals a significant bearish movement in the market. The price has been adhering to a dynamic trend, indicating the presence of strong selling pressure. Despite the prevailing bearish sentiment, there is a possibility of a minor correction, which could lead to a temporary upward movement.
Targets: 1.11200, 1.12300. Possible Target (1.14)
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
EURUSD Trade active
Note
Last Chance for bullish scenario, Note
After the release of a negative Non-Farm Payrolls (NFP) report, I anticipate that the USD will further weaken against other major currencies due to the prevailing concerns regarding its status as a reliable and trustworthy currency, as indicated in the financial analysis found at tradingview.com/x/sEUDAJKi/.
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