Euro / U.S. Dollar
Long
Updated

EUR/USD finds fresh upside momentum as USD weakens

141
🔔🔔🔔EUR/USD news:

➡️ EUR/USD gained momentum on Monday, climbing just below the 1.1300 level as the U.S. Dollar faced sustained selling pressure. This upward move followed Moody’s downgrade of the U.S. sovereign credit rating, which provided a boost to the currency pair.

➡️ On the data front, the Eurozone confirmed that the Harmonized Index of Consumer Prices (HICP) rose by 2.2% year-over-year in April, in line with previous estimates.

Personal opinion:

➡️ The downgrade of the U.S. sovereign credit rating was a shock to markets. Moreover, recent U.S. economic data has been weak. Therefore, EUR/USD maintains its bullish momentum

➡️Analysis based on important resistance - support and Fibonacci levels combined with

Personal plan:

🔆Price Zone Setup:

👉Buy EUR/USD 1.1200 - 1.1190
❌SL: 1.1150 |✅TP: 1.1280

FM wishes you a successful trading day 💰💰💰
Trade active
girl dropped to 1.1218 and bounced back to near 1.1280
Can't match the buy zone 1.1200. What a pity
Anyway, the plan is still on track
Trade closed: target reached
Complete the original plan

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