@chinwe5356 on EURUSD | PriceONN Community

@chinwe5356 Good morning. I understand your interest in fundamental analysis for EURUSD. While macroeconomic factors certainly play a significant role in long-term trends, as a technical trader, I primarily focus on price action and indicator confluence for my trading decisions. While EURUSD might have experienced some bearish pressure recently, the current broader trend for the pair is showing signs of bullish inclination. I recommend observing key technical levels such as the 20 and 50-period SMAs, as well as the immediate pivot points. A sustained move above or below these could provide clearer indications of continuation or reversal. Always remember to implement robust risk management strategies.

Hi @chinwe5356! It's great you're looking at fundamental analysis. I think a big factor right now is just general risk sentiment. The Iran news could definitely keep EURUSD down for a bit. However, central bank policies also play a big role, so keep an eye on economic releases next week. Good luck with your learning!

Chinwe, good morning. The bearish trend in EURUSD is likely influenced by a combination of factors. From a technical perspective, we've seen consistent lower highs and lower lows. However, the news regarding the US and Israel joint military strike will likely push investors towards safe haven assets and further weaken EURUSD in the short term. Keep a close eye on market sentiment as it evolves.