Hello traders, let’s dive into EUR/USD with Kevinn!
📈 Market Update:
The euro is currently under pressure following dovish remarks from ECB officials, which have increased expectations that interest rates will remain unchanged for a prolonged period. Meanwhile, the US dollar is showing mild weakness as markets begin pricing in potential Fed rate cuts later this year — though the shift hasn't been strong enough to trigger a breakout in EUR/USD.
Upcoming CPI reports will be crucial in shaping future monetary policy expectations and could define the short-term direction of this currency pair.
🧠 Personal Take:
EUR/USD is trading around the 1.0720 zone, with market momentum currently lacking. A short-term pullback toward the support zone near the 34 and 89 EMA is possible. However, from a technical standpoint, the long-term bullish structure remains intact — at least for now.
So what do you think about EUR/USD's direction? Drop your opinion below!
📈 Market Update:
The euro is currently under pressure following dovish remarks from ECB officials, which have increased expectations that interest rates will remain unchanged for a prolonged period. Meanwhile, the US dollar is showing mild weakness as markets begin pricing in potential Fed rate cuts later this year — though the shift hasn't been strong enough to trigger a breakout in EUR/USD.
Upcoming CPI reports will be crucial in shaping future monetary policy expectations and could define the short-term direction of this currency pair.
🧠 Personal Take:
EUR/USD is trading around the 1.0720 zone, with market momentum currently lacking. A short-term pullback toward the support zone near the 34 and 89 EMA is possible. However, from a technical standpoint, the long-term bullish structure remains intact — at least for now.
So what do you think about EUR/USD's direction? Drop your opinion below!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+8WH4vfLxuwFlMjQ1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+8WH4vfLxuwFlMjQ1
Related publications
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.