EURUSD is undergoing a temporary correction after a strong bullish move, but the pair remains above key technical support levels such as the EMA34 and the ascending trendline. The 1.15070 zone now acts as a potential buy area—where demand may return if confirmation signals appear.
Market sentiment is leaning toward the expectation that the Fed may cut interest rates soon due to weaker-than-expected U.S. retail sales data, which has weighed on the USD and indirectly supported the euro. Meanwhile, the ECB continues to maintain a stable policy stance, further reinforcing the current bullish trend.
If the price holds above the green support zone, the next target could be around 1.15940. If this support breaks, traders should watch price behavior at the trendline before making the next trading decision.
Market sentiment is leaning toward the expectation that the Fed may cut interest rates soon due to weaker-than-expected U.S. retail sales data, which has weighed on the USD and indirectly supported the euro. Meanwhile, the ECB continues to maintain a stable policy stance, further reinforcing the current bullish trend.
If the price holds above the green support zone, the next target could be around 1.15940. If this support breaks, traders should watch price behavior at the trendline before making the next trading decision.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
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🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.