EURUSD is maintaining a strong bullish structure, with a key support zone around 1.16600. Currently, the price is consolidating just below the 1.18100 resistance and may experience a short-term pullback before continuing higher.
Bullish Supporting Factors:
– The US dollar is weakening amid expectations that the Fed will act cautiously ahead of the upcoming jobs report.
– Eurozone PMI has shown signs of recovery, lending further strength to the euro.
Suggested Strategy:
Wait for buy opportunities around the 1.16600 – 1.17000 area if bullish reversal signals appear. The target remains 1.18100 and potentially higher if upward momentum continues.
Bullish Supporting Factors:
– The US dollar is weakening amid expectations that the Fed will act cautiously ahead of the upcoming jobs report.
– Eurozone PMI has shown signs of recovery, lending further strength to the euro.
Suggested Strategy:
Wait for buy opportunities around the 1.16600 – 1.17000 area if bullish reversal signals appear. The target remains 1.18100 and potentially higher if upward momentum continues.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 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.