Fundamental Analysis:
With the recent dovish signals from the European Central Bank , it can be observed that the financial policy is being reevaluated to increase the interest rate with the aim of preserving the growth of the Gross Domestic Product and promoting employment within the European economy during these challenging times. Europe is striving towards a better economic climate with the objective of augmenting the Gross Domestic Product among the countries within the European Union, which may result in a renewed increase in interest rates in the upcoming months. Meanwhile, investors are compelled to secure a financial backing from central banks to maintain the value of their assets. It is crucial for the stability of the European economy and may be a defining factor in the future, as a potential surge in European exports is expected.
Technical Analysis:
Our technical analysis of the EUR/USD market shows a clear break of the strong support level , which we expect will result in a correction towards the nearby support area . Despite this correction, our outlook remains bearish and we anticipate a continuation of the downward trend in the near future.
Targets: 1.05, 1.04600
"Don't forget to like"
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"Thanks for giving your time to read my idea."
With the recent dovish signals from the European Central Bank , it can be observed that the financial policy is being reevaluated to increase the interest rate with the aim of preserving the growth of the Gross Domestic Product and promoting employment within the European economy during these challenging times. Europe is striving towards a better economic climate with the objective of augmenting the Gross Domestic Product among the countries within the European Union, which may result in a renewed increase in interest rates in the upcoming months. Meanwhile, investors are compelled to secure a financial backing from central banks to maintain the value of their assets. It is crucial for the stability of the European economy and may be a defining factor in the future, as a potential surge in European exports is expected.
Technical Analysis:
Our technical analysis of the EUR/USD market shows a clear break of the strong support level , which we expect will result in a correction towards the nearby support area . Despite this correction, our outlook remains bearish and we anticipate a continuation of the downward trend in the near future.
Targets: 1.05, 1.04600
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my idea."
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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.