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.
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.
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.