Based on today's fundamental news from Forex Factory, the euro appears to be showing modestly positive fundamentals. In other words, the latest economic releases and sentiment for the EUR are supporting a slight bullish bias. When you combine this with the technical picture for EUR/USD (which is pulling back but still sitting above key moving averages), it suggests that—after a short period of consolidation—the pair is likely to resume an upward move.
In summary, the fundamental data imply that EUR/USD should have modest upside potential in the coming days, although traders should watch for resistance levels at 1.09251 that might slow the move.
In summary, the fundamental data imply that EUR/USD should have modest upside potential in the coming days, although traders should watch for resistance levels at 1.09251 that might slow the move.
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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.