EUR/USD Resilient Reversal Pattern
Fundamental Analysis:
The EUR/USD currency pair reacted to a strong support dynamic trend following the release of influential Non-Farm Payrolls (NFP) news for the USD. Despite the European Central Bank's (ECB) hawkish approach to inflation control, marked by a 25 basis points interest rate increase, the potential for excessive rate hikes looms, which could undermine investor confidence due to potential signs of contraction in Europe. This could lead to a shift towards alternative assets like XAU..etc
Technical Analysis:
the price rebounded from a resilient support trend, and maintaining its position above this trend could pave the way for further upward movement in line with projected targets.
Targets: 1.11250, 1.12300, 1.14( possible target)
EURUSD
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
The EUR/USD currency pair reacted to a strong support dynamic trend following the release of influential Non-Farm Payrolls (NFP) news for the USD. Despite the European Central Bank's (ECB) hawkish approach to inflation control, marked by a 25 basis points interest rate increase, the potential for excessive rate hikes looms, which could undermine investor confidence due to potential signs of contraction in Europe. This could lead to a shift towards alternative assets like XAU..etc
Technical Analysis:
the price rebounded from a resilient support trend, and maintaining its position above this trend could pave the way for further upward movement in line with projected targets.
Targets: 1.11250, 1.12300, 1.14( possible target)
EURUSD
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
