Hello everyone, what do you think about 
EURUSD ?
EUR/USD experienced notable volatility, driven mainly by key economic data from both the Eurozone and the U.S. In the Eurozone, the service PMI showed a slight recovery, but it still fell short of expectations, raising doubts about the sustainability of economic growth in this sector.
In contrast, U.S. labor market data showed a slower pace of new job creation, but still exceeded forecasts. This increased the likelihood of the Federal Reserve maintaining a more aggressive stance on interest rates. These factors led to sharp movements in EUR/USD, with continuous ups and downs.
Currently, the pair is trading around 1.164, moving below the trendline and showing some consolidation near the EMA 34. Without a clear candle close above the trendline, the preferred strategy remains to sell at the upper limit and buy at support (around the EMA 89).
Do you agree with this view? Feel free to share your thoughts in the comments below.
Good luck with your trading!
EURUSD ?EUR/USD experienced notable volatility, driven mainly by key economic data from both the Eurozone and the U.S. In the Eurozone, the service PMI showed a slight recovery, but it still fell short of expectations, raising doubts about the sustainability of economic growth in this sector.
In contrast, U.S. labor market data showed a slower pace of new job creation, but still exceeded forecasts. This increased the likelihood of the Federal Reserve maintaining a more aggressive stance on interest rates. These factors led to sharp movements in EUR/USD, with continuous ups and downs.
Currently, the pair is trading around 1.164, moving below the trendline and showing some consolidation near the EMA 34. Without a clear candle close above the trendline, the preferred strategy remains to sell at the upper limit and buy at support (around the EMA 89).
Do you agree with this view? Feel free to share your thoughts in the comments below.
Good luck with your trading!
Note
Update H2
Trade active
✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.
✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.