EUR/USD Bearish Reversal Ahead

Güncellendi
Fundametnal Analysis:

The U.S. dollar is currently stronger than the euro based on fundamental factors. The U.S. economy is growing at a faster pace (3% GDP growth) compared to the Eurozone's modest 0.2%, and the Federal Reserve's higher interest rates (5.25%) make the dollar more attractive to investors seeking higher yields, while the ECB's rates are at 3.65%. Inflation is moderating in both regions, but the Eurozone's lower inflation (2.2%) suggests the ECB may lean towards rate cuts sooner than the Fed, which would further weaken the euro. Additionally, weak consumer confidence and contracting manufacturing in the Eurozone, contrasted with the U.S.'s stronger economic indicators, give the U.S. dollar a clear advantage in the current market environment. Thus, the dollar is fundamentally stronger due to its higher growth, interest rates, and economic resilience.

Technical Analysis:

The EURUSD chart indicates a potential bearish reversal after hitting resistance between 1.11237 and 1.11505. The price appears to be following a downward trendline, suggesting that if it breaks below 1.10196, the pair could move toward the 1.08594 support level. A rejection from the current resistance zone supports a short-term bearish outlook, with the next key support target at 1.08594 unless a breakout above 1.11505 occurs.

Overall View
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İşlem kapandı: hedefe ulaştı
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