Hello everyone, it's great to be back with you today!
In our previous discussion, we talked about the short-term uptrend in
EURUSD , and it seems that things are still going smoothly.
Recently, the weakening of the USD, with expectations that the Fed will cut interest rates three times this year, has undermined the USD and supported EUR. The DXY chart clearly reflects the weakness of the USD.
In the short term, EUR/USD may continue to fluctuate within a narrow range, with support at 1.163 and resistance at 1.1750. If U.S. inflation data remains weak and the Fed continues to cut rates, the EUR could appreciate.
However, in the long term, attention should be given to the 1.1750 resistance level, as it is a strong barrier and also the upper limit of the price channel.
What do you think, will EURUSD be able to maintain its uptrend?
In our previous discussion, we talked about the short-term uptrend in
EURUSD , and it seems that things are still going smoothly.Recently, the weakening of the USD, with expectations that the Fed will cut interest rates three times this year, has undermined the USD and supported EUR. The DXY chart clearly reflects the weakness of the USD.
In the short term, EUR/USD may continue to fluctuate within a narrow range, with support at 1.163 and resistance at 1.1750. If U.S. inflation data remains weak and the Fed continues to cut rates, the EUR could appreciate.
However, in the long term, attention should be given to the 1.1750 resistance level, as it is a strong barrier and also the upper limit of the price channel.
What do you think, will EURUSD be able to maintain its uptrend?
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✅ 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.