EUR - BEARISH
1️⃣ Investors remain concerned over record coronavirus infections, hospitalizations, deaths and tight travel restrictions.
2️⃣ The central bank has the necessary tools to act on Euro strength and that the common currency appreciation would take prominence for the central bank if it threatens the inflation outlook.
3️⃣ The German government slashed its growth forecasts for 2021 to 3% from 4.4% earlier and the economy minister said the country must stick with restrictions in coming weeks to suppress the virus.
USD - BULLISH
1️⃣ Persistent worries about surging virus cases and potential disruption to vaccine rollouts.
2️⃣ The Federal Reserve has left policy unchanged and made no change to its monthly bond purchases.
3️⃣ The prevalent risk-off mood continued driving some haven flows towards the USD.
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Technical
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We are looking to sell the EURUSD at the resistance + below SMA 50 on the H1 chart.
1️⃣ Investors remain concerned over record coronavirus infections, hospitalizations, deaths and tight travel restrictions.
2️⃣ The central bank has the necessary tools to act on Euro strength and that the common currency appreciation would take prominence for the central bank if it threatens the inflation outlook.
3️⃣ The German government slashed its growth forecasts for 2021 to 3% from 4.4% earlier and the economy minister said the country must stick with restrictions in coming weeks to suppress the virus.
USD - BULLISH
1️⃣ Persistent worries about surging virus cases and potential disruption to vaccine rollouts.
2️⃣ The Federal Reserve has left policy unchanged and made no change to its monthly bond purchases.
3️⃣ The prevalent risk-off mood continued driving some haven flows towards the USD.
=====
Technical
=====
We are looking to sell the EURUSD at the resistance + below SMA 50 on the H1 chart.
Trade active:
PENDING ORDER TRIGGERED
Trade closed: target reached:
✅ TRADE HAS HIT TP
+30 PIPS
+30 PIPS