EUR's Unlocked Bullish Potential Plus Bearish Scenario[EURUSD]
Dear Esteemed Investors,
I'm sharing the results of my news trading method with you. By now, all of you know I'm using AI natural language processing to weight world news and cross-check against popular sentiment indicators like DSI and DSIE.
Standard DSI/DSIE signals an optimistic outlook for the EURUSD market. It means that the possibly influential investors believe in the EUR. I've extended these analytics with machine-learning deep neural nets that implement the mentioned natural language processing. Here are some of the crucial results.
The US dollar index has been trending lower in recent weeks, which has provided support for the EURUSD. This weakness results from the expectations of further interest rate cuts from the Federal Reserve. The central bank tackles slowing economic growth.
Positive economic indicators from the eurozone, such as powerful industrial production and retail sales, have boosted investor confidence in the region's economic outlook. It has contributed to increased demand for the euro and a firmer EURUSD.
Geopolitical tensions reduced, particularly regarding the Ukraine crisis, has created a more conducive environment for risk-on assets like the EURUSD. It has led to increased investor appetite for euro-denominated assets.
However, rising inflation in the eurozone has raised concerns about the European Central Bank's ability to maintain its loose monetary policy. It has put downward pressure on the euro and weighed on EURUSD.
Persistently high energy prices are putting a strain on eurozone economies, potentially leading to slower economic growth. It could dampen demand for the euro and weaken the EURUSD.
If the Federal Reserve raises interest rates faster than you expected, it could widen the interest rate differential between the US and Europe, making the dollar more attractive and weakening the euro.
Ongoing geopolitical tensions and possible global recession could negatively impact investor sentiment and dampen demand for the euro and the dollar. It could create volatility and uncertainty in the EURUSD market.
The EURUSD outlook remains mixed, with bullish and bearish factors at play. While the weaker US dollar and positive European economic data have supported the euro, rising inflation, energy price concerns, and the possibility of faster US interest rate hikes pose potential headwinds. Ultimately, the direction of the EURUSD will depend on the relative strength of these factors and the evolving global economic landscape.
In objective numerical, MACD and RSI positively move on the bullish side under the chart. The indicators align with an ongoing bullish signal on them. The previous forecast started on 12 Dec 23 when I took a profit from my 30 Nov 23 short and wrote a bullish outlook. You can find these forecasts on the chart with the related ideas. I traded according to the same logic. So, I had and still have a long since sharing the latest forecast. I believe that the price can continue the bullish rally until $1.111. It's on the resistance line from historical tops under the short ideas on the left side of the chart. I marked the target zone with a green rectangle. If the price retraces, the $1.098 and $1.089 levels could act as support. While the bearish scenario is possible, probabilities point towards a bullish continuation.
Disclaimer:
The success of my historic forecasts doesn't guarantee your future results. It's not an investment advice. Do your research. I wrote the analytics for entertainment purposes.
Kind regards,
Ely
I'm sharing the results of my news trading method with you. By now, all of you know I'm using AI natural language processing to weight world news and cross-check against popular sentiment indicators like DSI and DSIE.
Standard DSI/DSIE signals an optimistic outlook for the EURUSD market. It means that the possibly influential investors believe in the EUR. I've extended these analytics with machine-learning deep neural nets that implement the mentioned natural language processing. Here are some of the crucial results.
The US dollar index has been trending lower in recent weeks, which has provided support for the EURUSD. This weakness results from the expectations of further interest rate cuts from the Federal Reserve. The central bank tackles slowing economic growth.
Positive economic indicators from the eurozone, such as powerful industrial production and retail sales, have boosted investor confidence in the region's economic outlook. It has contributed to increased demand for the euro and a firmer EURUSD.
Geopolitical tensions reduced, particularly regarding the Ukraine crisis, has created a more conducive environment for risk-on assets like the EURUSD. It has led to increased investor appetite for euro-denominated assets.
However, rising inflation in the eurozone has raised concerns about the European Central Bank's ability to maintain its loose monetary policy. It has put downward pressure on the euro and weighed on EURUSD.
Persistently high energy prices are putting a strain on eurozone economies, potentially leading to slower economic growth. It could dampen demand for the euro and weaken the EURUSD.
If the Federal Reserve raises interest rates faster than you expected, it could widen the interest rate differential between the US and Europe, making the dollar more attractive and weakening the euro.
Ongoing geopolitical tensions and possible global recession could negatively impact investor sentiment and dampen demand for the euro and the dollar. It could create volatility and uncertainty in the EURUSD market.
The EURUSD outlook remains mixed, with bullish and bearish factors at play. While the weaker US dollar and positive European economic data have supported the euro, rising inflation, energy price concerns, and the possibility of faster US interest rate hikes pose potential headwinds. Ultimately, the direction of the EURUSD will depend on the relative strength of these factors and the evolving global economic landscape.
In objective numerical, MACD and RSI positively move on the bullish side under the chart. The indicators align with an ongoing bullish signal on them. The previous forecast started on 12 Dec 23 when I took a profit from my 30 Nov 23 short and wrote a bullish outlook. You can find these forecasts on the chart with the related ideas. I traded according to the same logic. So, I had and still have a long since sharing the latest forecast. I believe that the price can continue the bullish rally until $1.111. It's on the resistance line from historical tops under the short ideas on the left side of the chart. I marked the target zone with a green rectangle. If the price retraces, the $1.098 and $1.089 levels could act as support. While the bearish scenario is possible, probabilities point towards a bullish continuation.
Disclaimer:
The success of my historic forecasts doesn't guarantee your future results. It's not an investment advice. Do your research. I wrote the analytics for entertainment purposes.
Kind regards,
Ely
Trade closed: target reached:
Every bullish target is complete.
I appreciate all who visited the idea, even during holidays. I don't want to separate you from your families, but I count on you as a motivational source to continue.
Congratulations if you did! 💶💵
I appreciate all who visited the idea, even during holidays. I don't want to separate you from your families, but I count on you as a motivational source to continue.
Congratulations if you did! 💶💵
Trade closed: target reached:
Haha, the market fulfilled the second target (red EUR symbol). And look where the price started the bearish journey. Yes, it fell from the target zone of the long. It means, you could trade the first long forecast, which succeeded as the chart shows. Then swap to short and hit the bearish target, too.
Congratulations if you did! 💶💵
Congratulations if you did! 💶💵
