EUR/USD Downtrend Strategy

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EURUSD
Fundamental Analysis:
The fundamental analysis contrasts the economic conditions of the EURUSD , highlighting the stronger performance of the US economy. With a quarterly GDP growth of 3.3% and an annual growth of 3.1%, the US outpaces the Eurozone's stagnant growth rates. The US also benefits from lower unemployment (3.7%) and higher consumer confidence (79.6), compared to the Eurozone's 6.4% unemployment rate and significantly lower consumer sentiment (-16.1). While both regions face inflationary pressures, the US's slightly higher inflation rate of 3.1% suggests stronger domestic demand. Interest rates are higher in the US at 5.5%, reflecting a tighter monetary policy stance. The manufacturing and services sectors in the US are expanding, unlike in the Eurozone, where both PMIs indicate contraction. Despite a trade deficit, the US's overall economic indicators signal robust health and optimism, contrasting with the Eurozone's more challenging economic landscape marked by stagnation and pessimism.






Technical Analysis:
The technical analysis of the EURUSD currency pair indicates a current downtrend, with the price experiencing some resistance at a strong support level around 1.07. This resistance suggests that the market is testing this threshold, reflecting a potential turning point or consolidation in the short term. Given the observed rejection at this support, there's an anticipation of a possible pullback to around 1.08, which could serve as a corrective movement within the broader bearish trend. After this temporary pullback, it is expected that the bearish momentum will resume, continuing the downward trajectory of the EUR/USD pair. This analysis hinges on key technical indicators and price action patterns that signal the market's bearish sentiment, suggesting that traders should prepare for continued bearish movements in the near term, following the temporary retracement.

Targets: 1.08 ( bullish target) , 1.06, 1.05

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overall view



DXY

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1.08 (Bullish Target) has been reached

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Giao dịch đang hoạt động

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