My analysis of the EURUSD exchange rate indicates a sustained bullish trajectory. Nevertheless, the strength of the US dollar continues to play a significant role in staving off economic downturns and recessions. Drawing from fundamental indicators in the global economy, we can anticipate a moderate pivot at two critical levels before achieving an elevated price point, estimated to be around $1.13.
Comment:
I apologize for the typo in the second text box.
Comment:
ECB remained Hawkish as expected, now it is time to gauge the technicals for the day.
Comment:
We are approaching my price target of $1.1280 approximately as of today.
Comment:
My profit target was missed; however, I closed my position at approximately above $1.1200.