EURUSD Analysis
EURUSD is falling from the horizontal Resistance area breaking the higher low area of the minor Ascending channel
EURUSD Update
EURUSD is consolidating in the broken higher low area, which leads to the SL price. However, EURUSD still has a chance to fall from the resistance area.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
Why EURO is Stronger
Geopolitical Support – European leaders backing Ukraine boosts confidence.
US Policy Uncertainty – Concerns over a US pullback make the euro more attractive.
Strong Eurozone Economy – Resilient growth and trade surplus support the currency.
ECB Interest Rates – Higher or steady rates attract investors.
Market Confidence – The euro is seen as a stable alternative to the dollar.
Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.
We always want you to trade safe under all market conditions.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade signals at premium or supreme plan here: forexgdp.com/buy/
+2200% + 800% +400% +150% Growth in Live Real Trading account of our users, check here: https://www.forexgdp.com/realaccounts/
