EUR/USD: Positioning Long at Key lvl
Fundamental Analysis:
The EUR/USD pair is influenced by contrasting economic indicators, with the Euro Area showing a modest GDP Growth Rate of 0.3% and a trade surplus, while the U.S. exhibits a stronger GDP Growth Rate of 2.4% and a higher interest rate of 5.5%. The manufacturing sector in the Euro Area is contracting, as indicated by a PMI of 42.7, while the U.S. faces a trade deficit of -65.5 USD Billion. it seems USA have stable economic situation than Eurozone...
Technical Analysis: : the price is consolidated between 1.10600 and 1.08, with recent rejection at the strong zone, indicating a high probability that the price may make some retracement to specific targets before another bearish price action.
EURUSD
Overall view
https://www.tradingview.com/x/lyXQ7i2k/
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
The EUR/USD pair is influenced by contrasting economic indicators, with the Euro Area showing a modest GDP Growth Rate of 0.3% and a trade surplus, while the U.S. exhibits a stronger GDP Growth Rate of 2.4% and a higher interest rate of 5.5%. The manufacturing sector in the Euro Area is contracting, as indicated by a PMI of 42.7, while the U.S. faces a trade deficit of -65.5 USD Billion. it seems USA have stable economic situation than Eurozone...
Technical Analysis: : the price is consolidated between 1.10600 and 1.08, with recent rejection at the strong zone, indicating a high probability that the price may make some retracement to specific targets before another bearish price action.
EURUSD Overall view
https://www.tradingview.com/x/lyXQ7i2k/
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
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