Eurozone’s Economic Data Scored, Rebound Possibility In EURUSD Increased
Aggressors are recommended to consider marginal and short-term Long position after up-crossing 1.1345, Take-Profit at 1.1385, Stop-Loss by 1.1295.
Non-Aggressors are advice to await for better entry.
ZEW Economic Sentiment(Jan) of the Eurozone prevailed from the previous of 26.8 with the latest of 49.4. Moreover, Germany’s ZEW Economic Sentiment(Jan) made 51.7 also scored better than market expectations of 32. The market is optimistic about the economic outlook of the Eurozone. On the other hand, the health experts pointed out that the newly mutated virus Omicron holds limited influence. Although EU has noticed the situation on inflation in the region, it still maintains a relative easing line of their monetary policy. Therefore, would advice Investors to pay attention to the possible slight changes in the declination of EURUSD. And would recommend Non-Aggressors to observe the trend without entering. And for the Aggressors, would suggest to operate with marginal holding to test the rebound momentum with max possible interest.
In 1Hr range, the candlestick may soon to form the minor doubled-bottom rebounding layout. KD uptrend, attracting Buyers to seek for the entry. To conclude, a swaying apt rebound state for EURUSD.
*Information above belongs to 3rd party media comments, can only be use for references and doesn’t represent our platform’s opinion. Investor should maintain sole-determination, self-evaluation required and be responsible for own action.