EUR/USD Resilient Reversal Pattern
Fundamental Analysis:
The EUR/USD currency pair reacted to a strong support dynamic trend following the release of influential Non-Farm Payrolls (NFP) news for the USD. Despite the European Central Bank's (ECB) hawkish approach to inflation control, marked by a 25 basis points interest rate increase, the potential for excessive rate hikes looms, which could undermine investor confidence due to potential signs of contraction in Europe. This could lead to a shift towards alternative assets like XAU..etc
Technical Analysis:
the price rebounded from a resilient support trend, and maintaining its position above this trend could pave the way for further upward movement in line with projected targets.
Targets: 1.11250, 1.12300, 1.14( possible target)
EURUSD
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
The EUR/USD currency pair reacted to a strong support dynamic trend following the release of influential Non-Farm Payrolls (NFP) news for the USD. Despite the European Central Bank's (ECB) hawkish approach to inflation control, marked by a 25 basis points interest rate increase, the potential for excessive rate hikes looms, which could undermine investor confidence due to potential signs of contraction in Europe. This could lead to a shift towards alternative assets like XAU..etc
Technical Analysis:
the price rebounded from a resilient support trend, and maintaining its position above this trend could pave the way for further upward movement in line with projected targets.
Targets: 1.11250, 1.12300, 1.14( possible target)
EURUSD "Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.