Hello, traders
On Friday, EURUSD continued its upward movement, reaching 1,1473.
The uptrend is clear and expected to continue after a pullback.
Key support levels are at 1,1258 and 1,1127.
Wait for the pullback to develop and look for an entry with a favorable risk-to-reward ratio.
The ECB is expected to announce its interest rate decision on Thursday.
On Friday, EURUSD continued its upward movement, reaching 1,1473.
The uptrend is clear and expected to continue after a pullback.
Key support levels are at 1,1258 and 1,1127.
Wait for the pullback to develop and look for an entry with a favorable risk-to-reward ratio.
The ECB is expected to announce its interest rate decision on Thursday.
Trade active
Trade closed: target reached
US President Trump said on social media that the European Central Bank is expected to cut interest rates for the seventh time, however, Fed Chairman Powell's action is "too late". He always acts too late and makes wrong decisions. His speech yesterday was another typical and complete "mess"! Oil prices are down, grocery prices are down, and the United States is profiting greatly from tariffs. The Fed should have lowered interest rates a long time ago, just like the European Central Bank. It should have been done a long time ago, and the Fed should definitely lower interest rates now. Powell can't be fired too quickly!
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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.