The EUR/USD pullback is an opportunity for bulls
Updated
German GDP stagnated, while EU GDP data confirmed a slowdown in growth; in the case of weak growth prospects, EUR/USD fell due to high US inflation data, but the upward trend is still there; the German DAX index jumped high, but fell sharply due to pessimistic fundamental data.
After the release of the German data, EUR/USD immediately fell; however, after the release of the eurozone GDP data, EUR/USD was consolidated.
The long-term upward trend is still bullish, because the current price is still in the upward channel.In fact, such a pullback will be welcomed by EUR/USD bulls, who expect a pullback before considering continuing to be bullish.
Operationally, the support level in the picture is not broken, consider buying
If you are a novice, have no direct judgment, and can't keep up with the rhythm, join the free channel below and we will help you
After the release of the German data, EUR/USD immediately fell; however, after the release of the eurozone GDP data, EUR/USD was consolidated.
The long-term upward trend is still bullish, because the current price is still in the upward channel.In fact, such a pullback will be welcomed by EUR/USD bulls, who expect a pullback before considering continuing to be bullish.
Operationally, the support level in the picture is not broken, consider buying
If you are a novice, have no direct judgment, and can't keep up with the rhythm, join the free channel below and we will help you
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Bullish, pull up sharply, get more profitsTrade active
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Trade closed: target reached
After the pull-up, there was a decline, and the overall goal was reached.
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