EURUSD - Bearish Bias
EUR - BEARISH
1️⃣ Investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.
2️⃣ Several EU member states have halted their rollouts of the Oxford-AstraZeneca jab in recent days following reports of blood coagulation disorders in recipients.
3️⃣ Last week, the European Central Bank left monetary policy unchanged but said it would conduct emergency bond purchases at a significantly higher pace over the next quarter, aiming to curb rising bond yields and support the bloc's economy.
USD - BULLISH
1️⃣ Market participants anticipate that the Fed will upgrade growth projections due to the successful vaccine rollout and Washington’s massive stimulus package.
2️⃣ Bets for a strong economic recovery in the US boosted the Greenback.
3️⃣ US retail sales and industrial production is expected to print higher.
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Technical
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We are selling the EURUSD at resistance + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.
2️⃣ Several EU member states have halted their rollouts of the Oxford-AstraZeneca jab in recent days following reports of blood coagulation disorders in recipients.
3️⃣ Last week, the European Central Bank left monetary policy unchanged but said it would conduct emergency bond purchases at a significantly higher pace over the next quarter, aiming to curb rising bond yields and support the bloc's economy.
USD - BULLISH
1️⃣ Market participants anticipate that the Fed will upgrade growth projections due to the successful vaccine rollout and Washington’s massive stimulus package.
2️⃣ Bets for a strong economic recovery in the US boosted the Greenback.
3️⃣ US retail sales and industrial production is expected to print higher.
=====
Technical
=====
We are selling the EURUSD at resistance + below SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached
✅ TRADE HAS HIT TP+30 PIPS
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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.