The target price of 1.09358 for the EUR/USD currency pair is a hypothetical future value and there is no guarantee that it will be reached. The value of a currency is determined by various factors such as economic data releases, geopolitical events, and central bank decisions, among others. These factors can change rapidly and unpredictably, making it difficult to...
When the US dollar price goes up, it means that the value of the US dollar has increased relative to other currencies. This can occur due to various factors, including increased demand for the US dollar, a stronger US economy, or lower interest rates in other countries. A rising US dollar price can have both positive and negative effects on the economy. On one...
EUR/USD long refers to a forex trading strategy where an investor buys the EUR/USD currency pair with the expectation that the euro will appreciate relative to the US dollar. If the euro does appreciate against the US dollar, the investor can then sell the pair for a profit. The "long" position implies a bullish outlook, where the trader expects the price of the...
