EUR/USD: Bulls remain in control above 1.0400 – by pabspiovano EURUSD Currencies Majors
Germany’s final Q3 GDP Growth Rate expanded 1.3% YoY.The buying pressure remains well and sound around the shared currency and motivatesEUR/USD: Outlook shifted to bullish?
On the latter, it is worth noting that the pair has traded below the 200-day SMA since mid-June 2021. A close above this key region should shift the pair’s outlook to constructive and therefore allow for extra gains in the short-term horizon. Back to the euro area, the increasing speculation of a potential recession in the region - which looks propped up by dwindling sentiment gauges as well as an incipient slowdown in some fundamentals – emerges as an important domestic headwind facing the euro in the short-term horizon.Eminent issues on the back boiler
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