🔔🔔🔔EUR/USD news:
➡️ The EUR/USD pair extended its decline toward the 1.1465 level during Thursday’s European session. The Euro weakened against the US Dollar amid risk-off sentiment driven by escalating geopolitical tensions in the Middle East. Additionally, hawkish remarks from the Federal Reserve during yesterday’s FOMC meeting supported the continued strength of the USD.
➡️ As for the European Central Bank (ECB), it cut the deposit rate to 2.00% earlier this month but maintained a cautious hawkish stance. President Christine Lagarde ruled out further easing unless external conditions deteriorate significantly and revised growth forecasts upward.
Personal opinion:
➡️ The USD shows signs of a downward correction after being overbought. However, this is only short-term and the USD’s upward momentum will still be maintained. Therefore, EUR/USD will continue to maintain its downward momentum following the trend line in the coming time
➡️ Analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy.
Personal plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1490 - 1.1500
❌SL: 1.1540| ✅TP: 1.1430
FM wishes you a successful trading day 💰💰💰
➡️ The EUR/USD pair extended its decline toward the 1.1465 level during Thursday’s European session. The Euro weakened against the US Dollar amid risk-off sentiment driven by escalating geopolitical tensions in the Middle East. Additionally, hawkish remarks from the Federal Reserve during yesterday’s FOMC meeting supported the continued strength of the USD.
➡️ As for the European Central Bank (ECB), it cut the deposit rate to 2.00% earlier this month but maintained a cautious hawkish stance. President Christine Lagarde ruled out further easing unless external conditions deteriorate significantly and revised growth forecasts upward.
Personal opinion:
➡️ The USD shows signs of a downward correction after being overbought. However, this is only short-term and the USD’s upward momentum will still be maintained. Therefore, EUR/USD will continue to maintain its downward momentum following the trend line in the coming time
➡️ Analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy.
Personal plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1490 - 1.1500
❌SL: 1.1540| ✅TP: 1.1430
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.