EUR/USD heading up - Europes time to shine!Looks like it's the Euro time to rally. With an unstable presidency and erratic party with America, it seems like Europe is finding it's feet and there is upside to come for it's currency.
Here are five reasons why and then we'll get into the technicals.
🇩🇪 German Stimulus Boosts Euro
Germany’s €500B spending plan lifts euro confidence.
📉 Weak U.S. Data Hurts Dollar
Poor U.S. data and uncertainty weigh on the greenback.
📈 Euro's Rally Momentum
EUR/USD sees strongest rally since 2015.
🏦 ECB Signals Fewer Cuts
ECB hints at fewer rate cuts, supporting euro strength.
🌍 Trade Tensions Easing
Tariff delays reduce USD demand, favoring the euro.
Let's look at the technicals
Inv Head and SHoulders
Price 20 and 200 MA
Target 1.1610
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