Hi traders,
TECHNICALS:
As expected, the EUR/USD pair found support around the 1.12 level after which the pair formed two strong bullish candles, signaling more upside potential.
SUPPORT 1: 1.1280
SUPPORT 2: 12.20
RESISTANCE 1: 1.1345
RESISTANCE 2: 1.1400
INTEREST RATES:
2-year yield differentials are also pointing higher at the moment, supporting a bullish view. European PMIs printed a v-shaped recovery this morning which also added to more EUR strength.
RISK SENTIMENT: Equities around the world show strong gains this morning, signaling a risk-on environment which might be beneficial for EUR/USD.
We're still looking at 1.14 as a possible profit target.
TECHNICALS:
As expected, the EUR/USD pair found support around the 1.12 level after which the pair formed two strong bullish candles, signaling more upside potential.
SUPPORT 1: 1.1280
SUPPORT 2: 12.20
RESISTANCE 1: 1.1345
RESISTANCE 2: 1.1400
INTEREST RATES:
2-year yield differentials are also pointing higher at the moment, supporting a bullish view. European PMIs printed a v-shaped recovery this morning which also added to more EUR strength.
RISK SENTIMENT: Equities around the world show strong gains this morning, signaling a risk-on environment which might be beneficial for EUR/USD.
We're still looking at 1.14 as a possible profit target.
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.