A long position on EUR/USD was opened due to bullish sentiment driven by strong economic fundamentals and favorable inflation data from the Eurozone. Technical indicators, such as a breakout above key resistance levels and positive momentum, further supported the decision. Additionally, diverging monetary policies between the European Central Bank and the Federal Reserve suggested a potential for EUR appreciation against the USD.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.