My analysis of the EURUSD exchange rate indicates a sustained bullish trajectory. Nevertheless, the strength of the US dollar continues to play a significant role in staving off economic downturns and recessions. Drawing from fundamental indicators in the global economy, we can anticipate a moderate pivot at two critical levels before achieving an elevated price point, estimated to be around $1.13.
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I apologize for the typo in the second text box.
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ECB remained Hawkish as expected, now it is time to gauge the technicals for the day.
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We are approaching my price target of $1.1280 approximately as of today.
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My profit target was missed; however, I closed my position at approximately above $1.1200.