Euro / U.S. Dollar
Long
Updated

EURUSD:Sharing of the Trading Strategy for Next Week

178
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Fundamental Analysis:
U.S. May retail sales unexpectedly declined, signaling weak consumption momentum and reinforcing expectations of Federal Reserve rate cuts, weighing on the U.S. dollar.
While the eurozone manufacturing PMI remains in contraction territory, a month-on-month improvement has supported the euro to some extent.

Technical Analysis :
The MACD indicator stays above the zero line with bullish histogram alignment, indicating dominant bullish momentum.Bollinger Bands are slightly widening upward, with price trading above the middle band (support near 1.1500).The RSI at 55 suggests strong bullish sentiment.Price has found support multiple times in the 1.1520–1.1530 zone, forming a key support range.

Trading Strategy:
Initiate long positions after price stabilizes in the 1.1520–1.1530 zone on pullbacks.
buy@ 1.15200–1.15300
TP:1.15800-1.16000

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