Fundamentally analysis:
hey traders, my fundamental analysis of the current market conditions suggests that we are seeing signs of a decrease in inflation due to increased interest rates. Specifically, we've seen interest rates in the Eurozone climb from 0% to 4%, indicating that interest rates are effectively doing their job in regulating the market. Meanwhile, the sentiment towards the US dollar is decreasing due to recent bankruptcies in the market, while the European market is slowly recovering.
Technical analysis: price have multiple rejections on strong resistance zone, I think price can have correction to my targets in next days...
Target: 1.08200
Target: 1.07400
"Don't forget to like"
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"Thanks for giving your time to read my article."
hey traders, my fundamental analysis of the current market conditions suggests that we are seeing signs of a decrease in inflation due to increased interest rates. Specifically, we've seen interest rates in the Eurozone climb from 0% to 4%, indicating that interest rates are effectively doing their job in regulating the market. Meanwhile, the sentiment towards the US dollar is decreasing due to recent bankruptcies in the market, while the European market is slowly recovering.
Technical analysis: price have multiple rejections on strong resistance zone, I think price can have correction to my targets in next days...
Target: 1.08200
Target: 1.07400
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my article."
Trade closed: target reached
