The EUR/USD exchange rate recently experienced a significant bullish surge, breaking through the prevailing trend following the release of the Non-Farm Payrolls (NFP) report for the USD. This notable development has generated a strong belief in the market that the price will continue its upward trajectory and reach higher highs (HH) around the 1.11 level. The NFP news release, which typically carries substantial weight in financial markets, acted as a catalyst for this bullish movement. Traders and investors have interpreted the positive data as a sign of economic strength in favor of the Euro. Consequently, market sentiment has shifted in favor of the Euro, prompting increased demand and subsequent appreciation against the US Dollar. As the bullish momentum persists, it is reasonable to anticipate further price appreciation and a potential extension of the current upward trend in the EUR/USD pair, targeting the significant level of 1.11.
EURUSD
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
EURUSD
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
Comment:
one of TP reached
Trade closed: target reached
