EURUSD - Bullish Bias
EURO - Weak Bullish
1️⃣ ECB President Lagarde told the European Parliament that the prospect of better global demand and a faster-than-forecast increase in consumer spending could support economic recovery in the European zone.
2️⃣ The present PMI outlook was better than expected in Germany, France, and the European zone.
USD - Strong Bearish
1️⃣ Federal Reserve head Jerome Powell stressed that temporary inflation fears are not too strong to support the central bank’s idea of raising interest rates by 2023.
2️⃣ Some FOMC members reiterated that the current high inflation is temporary and rising interest rates still seem distant.
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Technical
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We are buying the EURUSD at the support + above SMA 50 + at the pivot point on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ ECB President Lagarde told the European Parliament that the prospect of better global demand and a faster-than-forecast increase in consumer spending could support economic recovery in the European zone.
2️⃣ The present PMI outlook was better than expected in Germany, France, and the European zone.
USD - Strong Bearish
1️⃣ Federal Reserve head Jerome Powell stressed that temporary inflation fears are not too strong to support the central bank’s idea of raising interest rates by 2023.
2️⃣ Some FOMC members reiterated that the current high inflation is temporary and rising interest rates still seem distant.
=====
Technical
=====
We are buying the EURUSD at the support + above SMA 50 + at the pivot point on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed manually
✅ CLOSE POSITION ON 1.19430 AREA+11 PIPS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.