EURUSD - Bullish Bias
EUR - BULLISH
1️⃣ Optimism about a strong economic recovery as economies continue their reopening efforts and COVID-19 vaccinations pick up pace in the European Union.
USD - BEARISH
1️⃣ USD pressured as market participants weighed weak nonfarm payroll data last week against rising local inflation expectations.
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Technical
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We are buying the EURUSD on the RBS + above SMA 50 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 Optimism about a strong economic recovery as economies continue their reopening efforts and COVID-19 vaccinations pick up pace in the European Union.
USD - BEARISH
1️⃣ USD pressured as market participants weighed weak nonfarm payroll data last week against rising local inflation expectations.
=====
Technical
=====
We are buying the EURUSD on the RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: target reached
✅ TRADE HAS HIT TP+20 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.