EUR/USD Beairhs outlook after NFP!!

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Fundametnal Analysis:

Based on the current fundamental indicators, the EUR/USD exchange rate reflects the economic strengths and weaknesses of the Euro Area and the United States. The United States exhibits stronger economic growth with a GDP growth rate of 1.3% compared to the Euro Area's 0.3%, alongside a robust labor market with a 4% unemployment rate versus the Euro Area's 6.4%. Additionally, the U.S. maintains higher interest rates at 5.5%, attracting foreign investments, while the Euro Area's interest rate stands at 4.25%. Although the Euro Area has a positive balance of trade, indicating strong export performance, the U.S. demonstrates higher consumer confidence and business activity, as reflected in higher PMI figures. Consequently, the USD appears fundamentally stronger than the EUR, driven by better economic growth, lower unemployment, and more attractive interest rates, which supports a relatively stronger USD against the EUR in the exchange market.

Technical Analysis:

Following the release of positive Non-Farm Payroll (NFP) data for the USD, the EUR/USD pair faced strong resistance around the 1.08800 level, resulting in price rejection. If the price remains below the 1.08600 level, it significantly increases the likelihood of continued bearish momentum in the near future. This technical setup suggests that the recent positive economic data for the USD may exert further downward pressure on the EUR/USD pair.


Targets: 1.07700, 1.07.... possible target (1.06500)


DXY Overview

https://www.tradingview.com/chart/DXY/uubj0qWL-USD-Index-DXY-Analysis-Bullish-Outlook/


https://www.tradingview.com/x/HYWY4Mb0/




ノート
🟥Fed Interest Rate Decision

Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive for the USD.🔼

A lower than expected rate is negative for the USD.🔽
トレード終了: 利益確定目標に到達
スナップショット
First target has been reached; the second one is near to being reached
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