🌐Fundamental Analysis
Business activity in Germany and the Eurozone continued to improve in October. This positive data helped the Euro maintain its strength in the European session.
However, experts warn that the growth outlook remains fragile, despite the current favorable conditions.
In the US, CPI inflation in September is forecast to increase to 3.1%, with core CPI rising 0.3%. A higher than expected figure could strengthen the USD and put pressure on EUR/USD; conversely, weak data would support the Euro's recovery in the US session.
🕯Technical Analysis
EURUSD is making a strong upside recovery towards the resistance of 1.172. A break above the 1.162 zone would immediately become an important support zone supporting the EURUSD's upward momentum. The BUy strategy will be paid more attention next week. The weekly support zone of 1.158 will play a key role for the buyers, if this zone is broken, the pair will fall into a strong Downtrend.
📉Trading Signals
SELL EURUSD 1.172-1.174 Stoploss 1.179
BUY EURUSD 1.158-1.15600 Stoploss 1.153
Business activity in Germany and the Eurozone continued to improve in October. This positive data helped the Euro maintain its strength in the European session.
However, experts warn that the growth outlook remains fragile, despite the current favorable conditions.
In the US, CPI inflation in September is forecast to increase to 3.1%, with core CPI rising 0.3%. A higher than expected figure could strengthen the USD and put pressure on EUR/USD; conversely, weak data would support the Euro's recovery in the US session.
🕯Technical Analysis
EURUSD is making a strong upside recovery towards the resistance of 1.172. A break above the 1.162 zone would immediately become an important support zone supporting the EURUSD's upward momentum. The BUy strategy will be paid more attention next week. The weekly support zone of 1.158 will play a key role for the buyers, if this zone is broken, the pair will fall into a strong Downtrend.
📉Trading Signals
SELL EURUSD 1.172-1.174 Stoploss 1.179
BUY EURUSD 1.158-1.15600 Stoploss 1.153
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JOIN OUR FREE TELEGRAM GROUP t.me/tvstrading
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.