Fundamental analysis:
With the recent dovish signals from the European Central Bank, it can be observed that the financial policy is being reevaluated to increase the interest rate with the aim of preserving the growth of the Gross Domestic Product and promoting employment within the European economy during these challenging times. Europe is striving towards a better economic climate with the objective of augmenting the Gross Domestic Product among the countries within the European Union, which may result in a renewed increase in interest rates in the upcoming months. Meanwhile, investors are compelled to secure a financial backing from central banks to maintain the value of their assets. It is crucial for the stability of the European economy and may be a defining factor in the future, as a potential surge in European exports is expected.
Technical analysis:
The direction of prices has been impacted by the recent monetary policy decision of the ECB. Currently, there is a bearish trend with strong momentum and it is expected that prices will continue to decline in the future.
Targets: 1.07,1.06,1.05,1.04600
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"Thanks for giving your time to read my idea."
With the recent dovish signals from the European Central Bank, it can be observed that the financial policy is being reevaluated to increase the interest rate with the aim of preserving the growth of the Gross Domestic Product and promoting employment within the European economy during these challenging times. Europe is striving towards a better economic climate with the objective of augmenting the Gross Domestic Product among the countries within the European Union, which may result in a renewed increase in interest rates in the upcoming months. Meanwhile, investors are compelled to secure a financial backing from central banks to maintain the value of their assets. It is crucial for the stability of the European economy and may be a defining factor in the future, as a potential surge in European exports is expected.
Technical analysis:
The direction of prices has been impacted by the recent monetary policy decision of the ECB. Currently, there is a bearish trend with strong momentum and it is expected that prices will continue to decline in the future.
Targets: 1.07,1.06,1.05,1.04600
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my idea."
