This week, high-impact economic news is on the radar for EUR/USD. We're seeing solid supply levels to support euro buying, but the Eurozone economy still shows friction from Q1, keeping things shaky short-term.
With CPI data from the U.S. and Eurozone GDP revisions coming up, I expect some confusion and mixed moves in the pair early in the week. Market participants may hesitate before committing to bigger positions.
🧭 My View:
There’s still strength behind the euro, but we need clearer momentum before we get a solid move. I’m staying patient this week waiting for confirmation before entry. Chop and fakeouts are possible, so it’s a week for discipline and reaction over prediction.
With CPI data from the U.S. and Eurozone GDP revisions coming up, I expect some confusion and mixed moves in the pair early in the week. Market participants may hesitate before committing to bigger positions.
🧭 My View:
There’s still strength behind the euro, but we need clearer momentum before we get a solid move. I’m staying patient this week waiting for confirmation before entry. Chop and fakeouts are possible, so it’s a week for discipline and reaction over prediction.
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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.
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.