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Eurodollar

"EUR/USD Technical Blueprint: Bullish Continuation EUR/USD Technical Blueprint: Bullish Continuation Patterns and Strategic Price Zones Explained 🔹 Market Structure & Trend The chart shows a clear shift from a ranging phase into a bullish breakout: Price previously consolidated in a broad horizontal channel, with a strong demand zone (support) established between 1.16000 – 1.16600. Following a deep liquidity grab on July 17-18, the price bounced sharply from support, creating higher highs and higher lows – a classic bullish structure. Current momentum shows bullish continuation, as the price broke above local resistance around 1.16645 and is now forming a potential bull flag or bullish pennant pattern. 🟢 Bullish Momentum Confirmation Price is currently retesting the broken resistance (now acting as support at 1.16645). If the support holds and bullish momentum continues, the measured move target projects a price move toward 1.17331, the next significant resistance level. This is also supported by increased volume activity in the breakout zone, as seen on the VPVR. 📊 Key Technical Levels Level Type Description 1.16000 Major Support Historical demand zone + liquidity grab 1.16645 Support Zone Previous resistance, now retest area 1.16926 Current Price Bullish consolidation forming 1.17331 Resistance Bullish target based on breakout projection 1.17700+ Extension Potential continuation level if momentum persists 🧠 Volume & Volatility Insight Bollinger Bands are expanding post-breakout, indicating increasing volatility and a potential trend continuation. VPVR shows a high-volume node around 1.166, confirming it as a strong demand zone. 🔎 Outlook & Strategy ✅ Bullish Bias As long as the price remains above 1.16645, buying dips could be a favorable strategy. A break above 1.17000 with strong volume could open a path toward 1.1733 and higher. ❌ Invalidation Level A strong close below 1.16600 would invalidate the bullish setup and could return price to the lower support around 1.16000. 📌 Conclusion EUR/USD is displaying strong bullish momentum after breaking a key resistance level and forming a solid support base. A breakout above 1.17000 may lead to a continuation toward 1.17331 and potentially higher. This setup favors bullish positioning with tight risk management.
Long
by Mentor_Michael03
Can the Euro-Dollar Maintain Its Leadership in the FX Market?The Euro-Dollar is the best-performing major FX pair in 2025, and a short-term consolidation phase has begun below $1.18. This strength of the euro-dollar is surprising given the divergence in monetary policies. Can the euro-dollar go higher this year? How can this strength be explained fundamentally? In this week of ECB monetary policy decision (Thursday, July 24), let’s take a technical and fundamental look at the euro-dollar, which is stalling after reaching the technical resistance at $1.18. 1) Euro-Dollar’s Leadership in 2025 Defies the Logic of Monetary Policy Divergence 2025 is proving surprising in the FX market: the euro-dollar (EUR/USD) is the top-performing pair, with a gain of over 12% since the beginning of the year. This outperformance is puzzling if we rely on classic monetary fundamentals. The divergence between the Federal Reserve (Fed) and the European Central Bank (ECB) should favor the dollar. The Fed maintains a prolonged monetary status quo with high rates due to persistent inflation and labor market tensions. In contrast, the ECB continued its rate-cutting cycle, reflecting a weaker European economy and better-contained inflation. Theoretically, this monetary asymmetry should have strengthened the dollar — yet the euro leads. This paradox is explained by a combination of fundamental factors. 2) Unexpected Fundamentals Are Driving the Euro-Dollar’s Strength in 2025 The euro-dollar’s bullish trend this year ignores the interest rate differential between the Fed and the ECB, both current and projected for the end of 2025. Here’s a summary of the bullish fundamentals that allowed the euro-dollar to overlook monetary divergence: • Trump administration’s fiscal policy raises concerns over U.S. debt sustainability (see long-term bond yields) • Trade war initiated by the Trump administration creates economic slowdown risks for U.S. companies heavily reliant on international trade • U.S. administration’s political will to improve currency competitiveness for exporters • European stocks catching up to U.S. stocks in valuation • Emerging markets’ will to diversify their public debt issuance • Euro catching up as a global reserve currency as diversification away from the U.S. dollar • Germany’s structural shift in fiscal and debt policy with massive investments in defense and industry • EU stimulus spending and the ECB’s perceived monetary policy coherence 3) Is $1.18 the Final High for the Euro-Dollar in 2025? Probably Not. The euro-dollar has been consolidating since early July after hitting $1.18. Is this the peak for the year? The answer is no — unless EUR/USD breaks below the $1.13/$1.15 support and unless institutional net positions reverse from their upward trend (see yellow line in CFTC COT data). DISCLAIMER: This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. The presented idea (including market commentary, market data and observations) is not a work product of any research department of Swissquote or its affiliates. This material is intended to highlight market action and does not constitute investment, legal or tax advice. If you are a retail investor or lack experience in trading complex financial products, it is advisable to seek professional advice from licensed advisor before making any financial decisions. This content is not intended to manipulate the market or encourage any specific financial behavior. 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by Swissquote
EUR/USD Daily Chart Analysis For Week of July 18, 2025Technical Analysis and Outlook: In the current trading session, the Euro has continued its decline, completing our Mean Support level of 1.160. Recent analyses indicate that the Euro is likely to experience a sustained downward trend, with an anticipated retest at the Mean Support level of 1.159 and a possible further decline to reach a Currency Dip of 1.152. Nevertheless, it is crucial to consider the potential for a dead-cat bounce toward the Mean Resistance level of 1.167, which could trigger a significant reversal of the downtrend and target a Currency Dip of 1.152.
by TradeSelecter
EUR/USD Drops to $1.16 Amid Strong U.S. DataThe euro declined to $1.16 on Thursday, reaching its lowest level in almost a month as the U.S. dollar regained strength. The dollar’s rise followed solid U.S. inflation data and President Trump’s comments suggesting he will keep Fed Chair Jerome Powell in place, reducing expectations for near-term Fed rate cuts. Meanwhile, markets continued to monitor U.S.-EU trade negotiations ahead of the August 1 deadline. Resistance for the pair is at 1.1670, while support is at 1.1580.
by ChartMage
Fundamental Market Analysis for July 17, 2025 EURUSDThe euro is edging back toward the 1.16 – 1.17 range highs after headlines suggesting former U.S. president Donald Trump might try to dismiss Fed Chair Jerome Powell and a softer-than-expected U.S. Producer Price Index (PPI) print pressured the dollar. Political noise around the Fed’s independence, coupled with a cooling inflation pulse, has pushed market pricing toward a longer policy pause; the pair is hovering near 1.16250 at the time of writing. Fundamental support also stems from the upcoming 24 July ECB meeting. Governing-Council commentary reveals a split between hawks and would-be doves, yet consensus that euro-area inflation remains above target makes an aggressive rate cut unlikely for now. Meanwhile, subdued U.S. Treasury yields—futures price a 95 % probability of no change this month and only 50 bp of total easing over 12 months—help narrow the U.S.–German 10-year spread to about 150 bp. Against a backdrop of ongoing U.S. trade tensions and steady inflows into euro-area assets, that narrower spread leaves room for EURUSD to grind toward the 1.1680 target if sentiment stays risk-positive. Trading recommendation: BUY 1.16250, SL 1.15950, TP 1.16800
Long
by Fresh-Forexcast2004
EURUSD Under Pressure After Hot CPI – More Downside Ahead?Today, the US released key inflation figures : Core CPI m/m: 0.2% (vs 0.3% forecast) CPI m/m: 0.3% (as expected) CPI y/y: 2.7% (vs 2.6% forecast, up from 2.4%) Fundamental Analysis ( EURUSD ): The slightly lower Core CPI suggests some easing in underlying inflation pressures. However, the headline CPI y/y came in hotter than expected at 2.7%, reinforcing the idea that the Fed is not yet ready to ease policy aggressively. This combination supports the US dollar, as sticky inflation could delay rate cuts. EURUSD is likely to remain under pressure in the short term unless the ECB signals a more hawkish stance or US data starts showing broader weakness. Now let's move on to the technical analysis of EURUSD ( FX:EURUSD ) on the 4-hour timeframe . EURUSD is trading in a Heavy Resistance zone($1.1802-$1.1602) , having simultaneously managed to break the Support lines and the lower line of the Descending Channel , and is also trying to break the Support zone($1.1642-$1.1578) . I expect EURUSD to continue its downtrend and decline to the Support zone($1.1549-$1.1520) at the first target . Second target : $1.15043 Third target : $1.1464 Note: Stop Loss(SL)= $1.1660 Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
25
EUR/USD Robbery Blueprint Bear Strike Activated!💣🎯Operation Fiber Down: EUR/USD Robbery Blueprint (Day Trade Edition) 💰🔫 🚨 Thieves, Hustlers & Chart Bandits Assemble! 🚨 🌍 Hi! Hola! Ola! Bonjour! Hallo! Marhaba! 🌍 Welcome back to another Thief Trading Operation, where the money never sleeps—and neither do we. Let’s break into the vault of EUR/USD “The Fiber” with surgical precision. 🧠💼🕶️ 🧨 THE MASTER ROBBERY PLAN: EUR/USD SHORT STRIKE 🔍💸 💀 Market Bias: Bearish – Trend Reversal + Supply Trap Setup 🎯 Target: 1.15800 🛑 Stop-Loss: Near Swing High (around 1.17400 – 3H chart view) 🕓 Timeframe Focus: 15m / 30m / 3H 🧭 ENTRY ZONE: 👣 Plan your entry from recent high retests—that’s where the big money bulls get trapped. 🎯 Use Sell Limit Orders (DCA style / Layered Limit Orders) like a true thief setting up tripwires. 💼 RISK STRATEGY: 💡 SL should match your lot size and order count—not one-size-fits-all! 📌 Place above key structure or swing level (e.g. 1.17400) based on timeframe. 🔍 BEHIND THE SCENES – THE WHY: The EUR/USD "Fiber" pair is showing all the classic signs of a trend shift and bear raid setup, including: 📰 Fundamentals weakening the Euro 💣 COT Report reveals institutional exits 🍂 Seasonal Bias points to downward trend 📉 Intermarket Pressure from bond yields & USD strength 📊 Sentiment turning overly bullish = trap zone ⛽ Storage & Inventory imbalances adding fuel 📌 Reminder: Before any robbery, study the layout—Macro, Fundamentals, Sentiment, and Intermarket are your blueprint. 🚨 HEIST ALERT – PROTECT THE LOOT: 🕰️ High-Impact News Events? Tighten up! 💼 Don’t take fresh entries during releases. 🔐 Use Trailing SLs to lock in profits. 🎯 Exit with grace before the sirens start. ⚡🔥JOIN THE CREW, BOOST THE LOOT🔥⚡ 💥 Smash the Boost Button 💥 if you're vibing with the Thief Trading Movement. We ain’t just trading—we’re executing strategic robberies on the market’s weaknesses. 🧠💪 Every like = more power to the crew. Every comment = a new map to a vault. We rob, retreat, and repeat. Let’s make money with skill, not luck. 🕶️💰🚁 ⚠️ LEGAL COVER (For the Lawyers 😏): This plan is not investment advice, just an organized heist blueprint by chart robbers. Always manage your own risk and update your plan as the market evolves. 🕶️ Stay ready for the next master plan... Until then, keep your charts clean and your stops tight. 🕶️💣📉 – Thief Trader Out 🐱‍👤🚀
Short
by The-Thief
2
Fundamental Market Analysis for July 14, 2025 EURUSDThe euro remains under pressure: on Monday the pair slipped to 1.16750 after the European Commission extended its pause on retaliatory tariffs against the United States until 1 August. With no resolution in sight, the trade dispute keeps European exporters on edge and turns the dollar into a safe-haven choice for investors looking to limit risk. Additional support for the greenback comes from rising real yields. The 10-year U.S. Treasury rate is holding above 4.40 %, locking in a wide spread over German Bunds. That has led futures traders to price in just one 25 bp Federal Reserve rate cut for the rest of the year, reducing the euro’s relative appeal. Macro data from the euro area offer little relief. German industrial production rose only 0.2 % m/m in May, while the July ZEW expectations index slid back into negative territory. With the ECB having already delivered a June cut and projecting lower inflation ahead, inward capital flows to the eurozone remain subdued. Trading recommendation: SELL 1.16750, SL 1.17050, TP 1.16200
Short
by Fresh-Forexcast2004
EUR/USD Sells from 1.17200 back downWeekly Outlook: EUR/USD (EU) This week, my bias on EUR/USD is similar to GBP/USD, as both pairs have been following a consistent bearish trend. Based on this structure, I’ll be watching to see if price begins a retracement back into an area of supply. I’ve marked out the 8-hour supply zone, which sits at a premium level and was responsible for the last break of structure to the downside. If price retraces into this zone, I’ll look for potential sell confirmations on the lower time frames. If price doesn’t tap into the supply zone first, I’ll then shift my focus to the 8-hour demand zone below. In that case, I’ll watch closely for signs of accumulation and a bullish reaction from this level, which could signal the start of a rally. Confluences for EUR/USD Sells: ✅ Bearish trend has been consistent for the past few weeks. ✅ Breaks of structure have formed new supply zones to trade from. ✅ Liquidity exists below current price, which may be targeted first. ✅ The lower demand zone remains unmitigated, suggesting further downside movement. 📌 On the way down toward demand, I expect price to form another break of structure to the downside. The plan is to ride the sells down into demand, then look for potential buy opportunities if price begins to accumulate and react. Let’s stay sharp and disciplined — have a solid trading week, everyone! 📊
Short
by Hassan_fx
EURUSD Weakened By New Tariff Tensions With US This is the Weekly FOREX Forecast for the week of July 14 - 18th. In this video, we will analyze the following FX market: EURSUD The latest headlines tell the story. The tariffs are triggering a slow run to the USD safe haven. The previous week showed the USD Index closed pretty strong. There's a good chance we'll see more of the same this coming week. Look for the strength in USD to continue to be supported by fundamental news, and outperform the other major currencies, including the EURO. Buy USD/xxx Sell xxx/USD Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Short
by RT_Money
11
EUR/USD Bullish Continuation SetupMarket Structure Overview: The market remains in a clear higher timeframe bullish trend, consistently forming higher highs and higher lows. Recently, price has entered a descending channel, resembling a bull flag formation — a classic continuation pattern that typically precedes a strong bullish breakout. Key Observations: ✅ Descending Channel (Bull Flag): Price is respecting a downward-sloping channel while remaining above key demand zones. 💧 Liquidity Pools: Multiple liquidity highs have been left untouched above — suggesting fuel for a potential impulsive move upward. 🧹 Liquidity Sweep: On both H4 and H1, we see a clear sweep of previous equal lows, tapping into a significant demand zone. 📈 Reaction from Demand: Strong reaction from the demand zone suggests institutional buying interest. 🔵 Projection: A bullish breakout from the flag could target the liquidity above 1.1800, with immediate resistance near 1.1740–1.1760. Bias: 🔼 Bullish — as long as price holds above the most recent demand zone (~1.1649), the bias remains bullish with expectations of a breakout and continuation toward previous highs. Note: We must see how the market opens on Sunday night going into Monday. Based on the initial price action, we can determine the best trading opportunities and direction for the upcoming week.
Long
by ByCraig
EUR/USD Daily Chart Analysis For Week of July 11, 2025Technical Analysis and Outlook: In this week's trading session, as expected, the Euro continued its decline, reaching our Mean Support level of 1.168. Recent analyses suggest that the Euro is likely to experience a further downward trend, with the next target set at the Mean Support level of 1.160. However, it's essential to consider the possibility of a rebound toward the Key Resistance level of 1.181, which could lead to the completion of an Outer Currency Rally reaching 1.187.
by TradeSelecter
Rejection from Supply Zone, Bearish Continuation Toward PDLAfter failing to break out with strength and confirm the demand zone, EUR/USD is showing signs of a bearish continuation. The price was rejected from the Demand Zone near the NY High, indicating a possible shift in momentum. This setup suggests the pair may continue its downward trend, aiming for the Previous Day Low (PDL) around 1.16620. With a favorable risk-to-reward ratio of 1:5, this move could present a clean and high-probability short opportunity as long as bearish structure holds.
Short
by ByCraig
EUR/USD at 1.1750 as EU Pushes Trade DealEUR/USD trades around 1.1745 in Tuesday’s Asian session, supported by strong Eurozone retail sales for May. The Euro benefits as the EU aims to finalize a preliminary trade deal with the US this week, seeking to maintain a 10% tariff beyond the August 1 deadline while negotiations continue. The proposed agreement would keep the 10% base tariff but exempt sensitive sectors like aviation and alcohol, which helps lift market sentiment toward the Euro. Eurostat data showed retail sales rose 1.8% year-on-year in May, beating expectations of 1.2% but slowing from April’s 2.7%. Monthly sales fell 0.7%, matching forecasts. Resistance for the pair is at 1.1830, while support is at 1.1730.
by ChartMage
US Jobs Data Supports Fed Dovish SignalsThe EUR/USD stayed in a narrow range around 1.1760 during Friday’s Asian session, with limited movement as US markets were closed for Independence Day. The US dollar gained modestly after Thursday’s NFP data showed 147,000 new jobs in June, beating the expected 110,000. However, private sector job growth slowed, adding only 74,000 jobs in June versus a three-month average of 115,000. This trend supports Fed officials like Vice Chair Bowman, who recently called for rate cuts due to labor market risks. Resistance for the pair is at 1.1830, while support is at 1.1730.
by ChartMage
EUR/USD Analysis: US Dollar Strengthens at the Start of the WeekEUR/USD Analysis: US Dollar Strengthens at the Start of the Week On 2 July, on the EUR/USD chart, we noted that the rally—during which the pair had gained more than 6% since mid-May—was under threat, citing several technical signals, including: → proximity of the price to the upper boundary of the ascending channel; → overbought conditions on the RSI indicator; → nearby resistance from the Fibonacci Extension levels, around 1.18500. Trading at the start of the week points to renewed US dollar strength. This became particularly evident with the opening of the European session, which triggered a decline in EUR/USD to the 1.17500 area. It is reasonable to assume that the dollar’s strength against the euro is linked to early-week positioning by traders, who are anticipating news regarding US trade agreements. According to Reuters, the United States is close to finalising several trade deals in the coming days and is expected to notify 12 other countries today about higher tariffs. EUR/USD Technical Chart Analysis The ascending channel established last week remains in play, with the following developments: → a dashed midline within the upper half of the channel has been breached by bearish pressure (as indicated by the arrow); → a series of lower highs in recent sessions suggests the formation of a downward trajectory, within which the price could move towards the channel median—or potentially test its lower boundary. P.S. In the longer term, analysts at Morgan Stanley maintain a bullish outlook, forecasting that EUR/USD could rise to 1.2700 by the end of 2027. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EUR/USD breakout awaiting EUR/USD has not provided a clear structure over the past week or two. The pair appears to be in consolidation, building liquidity on both sides of the current range. At the moment, I’m waiting for a decisive breakout, ideally followed by distribution within the monthly supply zone, although that zone is still some distance away. This week, my focus will be on whether a new supply zone forms, closer to current price. If price sweeps the nearby equal highs and then shows signs of reversal, this could give us a fresh supply area to work from. Alternatively, if price moves lower, I’ll be looking at the 8-hour demand zone around 1.16000 for a possible long setup. Confluences for EUR/USD: - Although price has been slightly bullish, the current consolidation phase suggests a potential reversal could be on the horizon. - Liquidity is building on both sides of the range, making a reaction from the monthly supply zone increasingly probable. - There’s significant downside liquidity still untapped, such as Asia session lows, which could serve as short-term targets. - For clearer confirmation, we still need a decisive break in market structure to the downside. P.S. If price sweeps the lower liquidity and moves into the 8-hour demand zone near 1.16000, I will be watching for accumulation to form and signs of bullish intent from there.
by Hassan_fx
3
EUR/USD Rallies on Broad Dollar WeaknessEUR/USD Rallies on Broad Dollar Weakness EUR/USD started a fresh increase above the 1.1750 resistance. Important Takeaways for EUR/USD Analysis Today - The Euro started a decent increase from the 1.1600 zone against the US Dollar. - There is a connecting bullish trend line forming with support near 1.1770 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1600 zone. The Euro cleared the 1.1650 resistance to move into a bullish zone against the US Dollar. The bulls pushed the pair above the 50-hour simple moving average and 1.1750. Finally, the pair tested the 1.1830 resistance. A high was formed near 1.1829 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward wave from the 1.1590 swing low to the 1.1830 high. Immediate support on the downside is near a connecting bullish trend line at 1.1770. The next major support is the 1.1710 level. A downside break below the 1.1710 support could send the pair toward the 1.1680 level and the 61.8% Fib retracement level of the upward wave from the 1.1590 swing low to the 1.1830 high. Any more losses might send the pair into a bearish zone toward 1.1645. Immediate resistance on the EUR/USD chart is near the 1.1830 zone. The first major resistance is near the 1.1850 level. An upside break above the 1.1850 level might send the pair toward the 1.1920 resistance. The next major resistance is near the 1.1950 level. Any more gains might open the doors for a move toward the 1.2000 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EUR/USD Wave 5 Topped? Correction Incoming to 1.076FX_IDC:EURUSD PEPPERSTONE:EURUSD OANDA:EURUSD 📈 Chart Breakdown 🔢 Elliott Impulse Wave Completed: Waves (1) to (5) appear to form a clean 5-wave impulse structure upward. Final wave (5) is diverging on the oscillator (RSI), signaling potential bullish exhaustion. 🧾 ABC Correction Expected: After the 5-wave impulse, you project an ABC corrective move: Wave A: initial drop Wave B: partial recovery Wave C: deeper move likely toward the 1.07680 support (blue horizontal line) ⚠️ Bearish RSI Divergence: The label "Div" confirms bearish divergence between price and RSI → typical at end of Wave (5). 🧠 Summary: Structure: 5-wave impulse + projected 3-wave correction Bias: Short-term bearish targeting 1.07680 Confirmation: Look for break below support or trendline + momentum shift
Short
by Trwin
2
Fundamental Market Analysis for July 1, 2025 EURUSDEvent to pay attention to today: 01.07 16:30 EET. USD - Federal Reserve Chairman Jerome Powell Speaks 01.07 16:30 EET. EUR - ECB President Christine Lagarde Speaks 01.07 17:00 EET. USD - ISM Manufacturing PMI EUR/USD is trading in negative territory near 1.1790 in the early European session on Tuesday. The US dollar (USD) is weakening against the euro (EUR) amid growing budget concerns and uncertainty surrounding trade deals. Four people familiar with the negotiations said US President Donald Trump's administration is seeking to phase in deals with the most involved countries as they rush to reach an agreement by the July 9 deadline. Uncertainty over trade agreements continued to weigh on sentiment and sell the US dollar. Investors are concerned about the US Senate's attempts to pass Trump's tax and spending cuts bill, which faces intra-party disagreement over a projected $3.3 trillion increase in the national debt. Fiscal concerns have dampened optimism and contributed to the decline in the US dollar. This, in turn, serves as a tailwind for the major pair. German inflation, as measured by the Harmonized Index of Consumer Prices (HICP), eased to 2.0% y/y in June from 2.1% in the previous reading. The figure was below expectations of 2.2%. On a month-on-month basis, HICP rose 0.1% in June vs. 0.2% previously, below the market consensus forecast of 0.3%. Softer-than-expected German inflation data may limit near-term growth. Trade recommendation: BUY 1.1795, SL 1.1725, TP 1.1880
Long
by Fresh-Forexcast2004