Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
A determined ECB could see the EURUSD climb
Euro / U.S. Dollar
Long
A determined ECB could see the EURUSD climb
By JinDao_Tai
Follow
Follow
Nov 7, 2022
5
Cheer
Cheer
2
2
Nov 7, 2022
The EURUSD trades significantly higher, bouncing from the 0.9740 support level to approach the parity level again.
Although the price is currently consolidating below the 0.9950 interim resistance level, the EURUSD is likely to continue trading higher.
Look for the price to break above the 0.9950 and 1.00 price area to signal a stronger move higher, with the next key resistance level at 1.0085.
This move higher could also be driven by the sentiment conveyed by the ECB that it will raise rates to deliver the 2% inflation target.
EUR
EURUSD
Forex
Fundamental Analysis
fx
Technical Indicators
parity
Trend Analysis
USD
JinDao_Tai
Follow
Follow
Join my mailing list
jindaotai.com/joinme
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
.