Looks like it's the Euro time to rally. With an unstable presidency and erratic party with America, it seems like Europe is finding it's feet and there is upside to come for it's currency.
Here are five reasons why and then we'll get into the technicals.
🇩🇪 German Stimulus Boosts Euro
Germany’s €500B spending plan lifts euro confidence.
📉 Weak U.S. Data Hurts Dollar
Poor U.S. data and uncertainty weigh on the greenback.
📈 Euro's Rally Momentum
EUR/USD sees strongest rally since 2015.
🏦 ECB Signals Fewer Cuts
ECB hints at fewer rate cuts, supporting euro strength.
🌍 Trade Tensions Easing
Tariff delays reduce USD demand, favoring the euro.
Let's look at the technicals
Inv Head and SHoulders
Price 20 and 200 MA
Target 1.1610
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Here are five reasons why and then we'll get into the technicals.
🇩🇪 German Stimulus Boosts Euro
Germany’s €500B spending plan lifts euro confidence.
📉 Weak U.S. Data Hurts Dollar
Poor U.S. data and uncertainty weigh on the greenback.
📈 Euro's Rally Momentum
EUR/USD sees strongest rally since 2015.
🏦 ECB Signals Fewer Cuts
ECB hints at fewer rate cuts, supporting euro strength.
🌍 Trade Tensions Easing
Tariff delays reduce USD demand, favoring the euro.
Let's look at the technicals
Inv Head and SHoulders
Price 20 and 200 MA
Target 1.1610
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.