FX.co ★ Rawaha | EUR/USD

EUR / USD: An hourly Time Frame Recommendation

The some downtime scenario is on EURUSD likely GBPUSD. Acuallly, these days are uncerain days and the USA dollar got power after high volume news data. Thus, the pulls might pull back and hit the 1.0422 level in the new week. Thus, the Investors should know that the EURUSD market scenario refers to the ongoing conditions, trends, and potential future movements in the exchange rate between the Euro and the US Dollar (EUR/USD). This currency pair is one of the most liquid and actively traded pairs in the world, encompassing the two largest economies globally – the European Union and the United States. The EURUSD market is highly influenced by economic factors, interest rate differentials, geopolitical events, and market sentiment. To understand the EURUSD market scenario, it is essential to examine a combination of both fundamental and technical factors that shape the price action. The market scenario can change due to various reasons, including shifts in economic indicators, monetary policies from the European Central Bank (ECB) or the Federal Reserve (Fed), and significant news events like elections, trade policies, or global geopolitical tensions. Also, the ECB and the Fed are critical players in the EURUSD market scenario. The ECB’s decisions on interest rates, quantitative easing, and monetary stimulus programs can weaken or strengthen the Euro. Similarly, Fed decisions on rate hikes or cuts, as well as their outlook on the US economy, directly affect the strength of the US Dollar. Faithfully, the bulls of EURUSD will pull back and make a recovery. But these days are uncertain days in this market. Thus, the Investors should be carefull because the market can also move extra ordinary manner in the next 10 days.