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EURGBP Short IdeaWith the Eurozone's GDP growth lagging at 1.0% and inflation staying below the ECB's target, the EUR faces headwinds in Q1 2025. In contrast, the UK's GDP is projected to grow by 1.5%, supported by easing inflation and higher BoE rates of 4.5% compared to the ECB's 3.25%. This monetary policy divergence and stronger UK economic fundamentals favor GBP over EUR. However, watch for dovish shifts from the BoE or global shocks that may lend safe-haven appeal to the EUR.
Short
by BryceAkwo
EUR/USD Daily Chart Analysis For Week of Dec 20, 2024Technical Analysis and Outlook: The Eurodollar exhibited a bearish trend during the initial part of the week; however, it subsequently demonstrated a significant recovery by retesting the completed Outer Currency Dip at 1.035. This renewed interim rebound is poised to drive the Eurodollar toward the Mean Resistance level of 1.051. However, it is crucial to recognize that a retest of the completed Outer Currency Dip at 1.035 remains plausible.
by TradeSelecter
AUDJPY Outlook: Bullish Continuation with Key SupportHello, OANDA:AUDJPY has shown upward movement, and for continued gains, the 1D pivot point (PP) must remain a strong support level. The price needs to break and stay above the 1M pivot point (PP) to confirm further upward momentum. On a long-term basis, the market remains highly bullish, and this trend is expected to continue with minimal fluctuations in the near term. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
EUR /USD 4hr bearish wave FX:EURUSD 4-hour chart suggests that we are currently in a bearish wave pattern, which is expected to persist into early next week. The progression is as follows: • The first wave has already started and is targeting the 1.04678 range (2nd wave). • A deeper decline is anticipated for the 3rd wave, reaching around 1.03123. • A corrective bounce may occur in the 4th wave, retracing to approximately 1.04168. • The final bearish push, the 5th wave, is projected to reach around 1.02164. This wave structure aligns with continued downside momentum, with corrective pullbacks likely along the way.
Short
by kenbol