Fundamental Analysis
1. Endogenous factors of EURO is getting better while USD is down
2. Seasonality shows EURO bullish in April while USD bearish
3. increased pressure of interest rate cut in USD in also leading towards DXY bearish
4. COT data shows net increase in EUR and decrease in USD
5. Sentiments shows bullish in EUR 11/8, while USD is 4/5.
6. LEI, Endogenous and Exogenous factors all in favor of Bullish momentum in EURUSD.
Technical Analysis
1. Cup and Handle Formation
2. Breakout appeared
3. Breakout Retest
4. Buy in parts
i. Long 1% at current price
ii. Long 1% @ 1.09017
5. Stop loss below Handle
6. Projection Target 1.165
7. Take profit on Major resistance levels
1. Endogenous factors of EURO is getting better while USD is down
2. Seasonality shows EURO bullish in April while USD bearish
3. increased pressure of interest rate cut in USD in also leading towards DXY bearish
4. COT data shows net increase in EUR and decrease in USD
5. Sentiments shows bullish in EUR 11/8, while USD is 4/5.
6. LEI, Endogenous and Exogenous factors all in favor of Bullish momentum in EURUSD.
Technical Analysis
1. Cup and Handle Formation
2. Breakout appeared
3. Breakout Retest
4. Buy in parts
i. Long 1% at current price
ii. Long 1% @ 1.09017
5. Stop loss below Handle
6. Projection Target 1.165
7. Take profit on Major resistance levels
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.
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.