EURUSD
Technical Analysis
EURUSD have big potential to sell around 1.09385. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.08365
Fundamental Analysis
The euro economic condition today is mixed. On the positive side, inflation in the eurozone has been coming down in recent months, and the European Central Bank (ECB) is expected to start raising interest rates in July. This could make the euro more attractive to investors, which could boost its value.
Overall, the euro economic condition is mixed. There are some positive signs, such as the decline in inflation and the expected interest rate hikes. However, there are also some negative signs, such as the slowdown in economic growth. The NFP report tonight could have a significant impact on the euro, and traders will be closely watching the report to see how it affects the currency markets.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete
