EUR/USD: Pivotal Week Ahead
Hello,
EURUSD faces a busy week ahead with several key events: the upcoming German elections, US CPI data, German GDP news, and an ECB speech by Schnabel. If the price follows the current trend, we could see further gains. Conversely, if conditions worsen, a reversal is possible. Despite occasional setbacks, the euro is steadily gaining strength over the long term. For the euro to reach 1.12, the one-year pivot point needs to act as support; if it instead becomes resistance, the pair could see significant downside, potentially testing the 0.98692 level.
The support (green) and resistance (red) levels shown represent the current key zones for this pair across timeframes from 1 day to 1 year.
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TradeWithTheTrend3344
EURUSD faces a busy week ahead with several key events: the upcoming German elections, US CPI data, German GDP news, and an ECB speech by Schnabel. If the price follows the current trend, we could see further gains. Conversely, if conditions worsen, a reversal is possible. Despite occasional setbacks, the euro is steadily gaining strength over the long term. For the euro to reach 1.12, the one-year pivot point needs to act as support; if it instead becomes resistance, the pair could see significant downside, potentially testing the 0.98692 level. The support (green) and resistance (red) levels shown represent the current key zones for this pair across timeframes from 1 day to 1 year.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.