EUR/USD Poised for Bullish Momentum Amid Anticipated Inflation
EUR/USD Technical Analysis
Current Outlook: EUR/USD is currently consolidating near the pivot line of 1.1000. The price has shown signs of holding above this key level, suggesting a possible bullish reversal. A sustained move above this level will favor an upward trend, while a failure to hold could lead to further downside pressure.
Best Scenario: The uptrend scenario is the best option, primarily due to the anticipated U.S. inflation data, expected to come in at 2.6%. This data could lead the Federal Reserve to cut interest rates, which would weaken the USD and support a rise in EUR/USD. If the price stabilizes above the pivot level at 1.1000, it is expected to move towards the first resistance level at 1.1110, with further potential to reach 1.1240.
Key Levels:
Pivot Point: 1.1000
Resistance Levels: 1.1110, 1.1168, 1.1240
Support Levels: 1.0949, 1.0913, 1.0861
Expected Range Today: The price is expected to move between 1.1000 and 1.1110.
Overall Trend: The overall trend is bullish as long as the price remains above 1.1000. A break below this level could shift the trend to bearish, targeting the next support levels.
Current Outlook: EUR/USD is currently consolidating near the pivot line of 1.1000. The price has shown signs of holding above this key level, suggesting a possible bullish reversal. A sustained move above this level will favor an upward trend, while a failure to hold could lead to further downside pressure.
Best Scenario: The uptrend scenario is the best option, primarily due to the anticipated U.S. inflation data, expected to come in at 2.6%. This data could lead the Federal Reserve to cut interest rates, which would weaken the USD and support a rise in EUR/USD. If the price stabilizes above the pivot level at 1.1000, it is expected to move towards the first resistance level at 1.1110, with further potential to reach 1.1240.
Key Levels:
Pivot Point: 1.1000
Resistance Levels: 1.1110, 1.1168, 1.1240
Support Levels: 1.0949, 1.0913, 1.0861
Expected Range Today: The price is expected to move between 1.1000 and 1.1110.
Overall Trend: The overall trend is bullish as long as the price remains above 1.1000. A break below this level could shift the trend to bearish, targeting the next support levels.
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.