Short-Term Bullish Outlook for EUR/USD
1. DXY Bearish Momentum
As the dollar index (DXY) weakens due to rate cut expectations and political instability, EUR/USD benefits directly (EUR makes up ~58% of DXY).
2. ECB More Hawkish Than Fed (for Now)
The European Central Bank has taken a more data-dependent and cautious tone, holding off on aggressive rate cuts.
This divergence boosts the euro relative to the dollar.
1. DXY Bearish Momentum
As the dollar index (DXY) weakens due to rate cut expectations and political instability, EUR/USD benefits directly (EUR makes up ~58% of DXY).
2. ECB More Hawkish Than Fed (for Now)
The European Central Bank has taken a more data-dependent and cautious tone, holding off on aggressive rate cuts.
This divergence boosts the euro relative to the dollar.
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nice profit still running
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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.