EURUSD: Easing Inflation And Potential Upsides

16 Tem

Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.08700, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08700 support and resistance area.
we would also like to consider the current easing inflation in the US, the previous soft inflation data may take us to a potential upcoming rate cut and a dovish USD environment which should weaken the dollar over the medium term.
Trade Safe, Joe.

16 Tem

İşlem aktif

Simple technical analysis is paying off, that's why you should consider keeping it simple in technicals and use good fundamentals.

what a sniper entry

16 Tem

Not

Perfect breakout above 1.09000