Fundamental analysis: fundamental analysis: ECB set the interest rates at 2.25% , 75bps more than pervious interest rates. inflation is now 10.7% on octobor. most economic indicators are still negative. Bonds and Stocks don't give any bullish signals... With inflation continuing to rise in most industrialized European countries, we should see interest rates rise in the coming months. they only thing that cause the EURO will get some strength in the market is distribution of $ in the two remaining months.
Technically analysis:
price had strong bounce off from 0.97 , huge demand for EUR will be more in the Future,
target: 1$ strong pivot
target: 1.1200
target:1.1300
price could reach any of these targets in the future
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Technically analysis:
price had strong bounce off from 0.97 , huge demand for EUR will be more in the Future,
target: 1$ strong pivot
target: 1.1200
target:1.1300
price could reach any of these targets in the future
PLEASE LEAVE YOUR COMMENT BELOW
DO NOT FORGET TO LIKE
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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.