Fundamental Analysis:
I would first examine the economic indicators for both the United States (USD) and the Eurozone (EUR). Based on the data provided, the US appears to have a stronger economy than the Eurozone, with a higher GDP growth rate and lower unemployment rate. However, the Eurozone has a higher inflation rate, which can be a cause for concern as it may lead to central banks raising interest rates to combat inflation, potentially affecting the value of the euro. Additionally, the Eurozone has a significant trade deficit, which could put downward pressure on the euro's value. Ultimately, when trading the EUR/USD, a trader would need to consider these economic indicators and how they might impact the currency pair's performance.
Technical Analysis:
I believe price after reach to 0.50 50% fibo + dynamic resistance it should start to drop from that point,
Target: 1.05200
"Don't forget to like"
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"Thanks for giving your time to read my article."
I would first examine the economic indicators for both the United States (USD) and the Eurozone (EUR). Based on the data provided, the US appears to have a stronger economy than the Eurozone, with a higher GDP growth rate and lower unemployment rate. However, the Eurozone has a higher inflation rate, which can be a cause for concern as it may lead to central banks raising interest rates to combat inflation, potentially affecting the value of the euro. Additionally, the Eurozone has a significant trade deficit, which could put downward pressure on the euro's value. Ultimately, when trading the EUR/USD, a trader would need to consider these economic indicators and how they might impact the currency pair's performance.
Technical Analysis:
I believe price after reach to 0.50 50% fibo + dynamic resistance it should start to drop from that point,
Target: 1.05200
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my article."
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.
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.