📊⤴️⤴️ EURUSD VIP BULLISH MOMENTUM LONG TRADE)⤴️⤴️📊
Updated
Hello trader’s what do you think about eurusd)?
dear traders I think 4H trand line this week Cpi news soo I think eurusd fullback resistance levels my Postens open 01.09000
Long trade) bullish momentum)
Target 1.10357)
Target 1.10837)
Target 1.11657)
GBP/USD remained consolidative on Thursday, bid just above 1.26 and offered just above its 10-DMA at 1.2707, as traders cogitate over U.S. and UK rate pivots later this year, looking toward Friday's payrolls data and next Thursday's CPI data for clues about the timing and depth of Fed rate cuts.
For now, traders are reacting to Wednesday's slightly dovish Fed minutes, which noted prior rate hikes are having their intended effect reducing inflation and growth, and near-unanimity that rates will be lower by year-end 2024.
Sterling traders' reluctance to move GBP/USD out of its 1.26-1.27 range hints at consensus that both the BoE and Fed are at peak rate levels.
Though futures are pricing a near-80% chance the Fed will begin rate cuts in March 2024 (0#SRA:), ahead of the BoE expected in May 2024 (0#SON3:), the near-symmetrical rate paths foreseen for the two central banks in 2024 is keeping GBP/USD anchored near current levels.
U.S. jobs data on Friday could disrupt the current GBP/USD rate stasis. Should payroll and earnings data surprise to the upside, a delay in Fed cuts is likely to weigh on GBP/USD, putting multiple support levels in the 1.2630s in sharper focus.
EURUSD https://www.tradingview.com/x/OIC7YQrM/
dear traders I think 4H trand line this week Cpi news soo I think eurusd fullback resistance levels my Postens open 01.09000
Long trade) bullish momentum)
Target 1.10357)
Target 1.10837)
Target 1.11657)
GBP/USD remained consolidative on Thursday, bid just above 1.26 and offered just above its 10-DMA at 1.2707, as traders cogitate over U.S. and UK rate pivots later this year, looking toward Friday's payrolls data and next Thursday's CPI data for clues about the timing and depth of Fed rate cuts.
For now, traders are reacting to Wednesday's slightly dovish Fed minutes, which noted prior rate hikes are having their intended effect reducing inflation and growth, and near-unanimity that rates will be lower by year-end 2024.
Sterling traders' reluctance to move GBP/USD out of its 1.26-1.27 range hints at consensus that both the BoE and Fed are at peak rate levels.
Though futures are pricing a near-80% chance the Fed will begin rate cuts in March 2024 (0#SRA:), ahead of the BoE expected in May 2024 (0#SON3:), the near-symmetrical rate paths foreseen for the two central banks in 2024 is keeping GBP/USD anchored near current levels.
U.S. jobs data on Friday could disrupt the current GBP/USD rate stasis. Should payroll and earnings data surprise to the upside, a delay in Fed cuts is likely to weigh on GBP/USD, putting multiple support levels in the 1.2630s in sharper focus.
EURUSD https://www.tradingview.com/x/OIC7YQrM/Trade active
Trade active
Note
Note
trade runnigTrade active
Trade closed: target reached
Related publications
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.