EUR/USD Breaks Resistance:A Bullish Rally Amidst Dollar Weakness
已更新
The EUR/USD pair has made significant gains, breaking above the key resistance level of 1.0850. This surge comes as the US Dollar struggles, while hopes for early rate cuts by the European Central Bank (ECB) diminish. The price action, as analyzed from our initial reference point, indicates a robust uptrend, with potential to surpass the next resistance at 1.0866 and target 1.0900.
However, recent data from the Institute for Supply Management (ISM) paints a mixed picture for the US economy. The Manufacturing Purchasing Managers' Index (PMI) fell short of expectations, coming in at 47.8, signaling a contraction in the manufacturing sector. Additionally, the decline in the fresh factory orders index suggests a stall in the sector's recovery.
Looking ahead, market focus will shift to Federal Reserve Chair Jerome Powell's testimony before Congress. Powell is anticipated to emphasize the importance of concrete evidence supporting the trajectory of inflation towards the Fed's 2% target.
In light of these developments, we maintain a bullish outlook on the EUR/USD pair, having adjusted our stop-loss above the initial entry point to secure a small profit for now...
Our Entry point was:
However, recent data from the Institute for Supply Management (ISM) paints a mixed picture for the US economy. The Manufacturing Purchasing Managers' Index (PMI) fell short of expectations, coming in at 47.8, signaling a contraction in the manufacturing sector. Additionally, the decline in the fresh factory orders index suggests a stall in the sector's recovery.
Looking ahead, market focus will shift to Federal Reserve Chair Jerome Powell's testimony before Congress. Powell is anticipated to emphasize the importance of concrete evidence supporting the trajectory of inflation towards the Fed's 2% target.
In light of these developments, we maintain a bullish outlook on the EUR/USD pair, having adjusted our stop-loss above the initial entry point to secure a small profit for now...
Our Entry point was:
交易结束：到达目标
交易结束：到达目标
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。