EUR/USD BUY Timeframe: H1 Entry at 1.0569 Take profit at 1.06 | Sunny Mason Trading Central🇨🇭LegacyFX official 🏆
EUR/USD
BUY Timeframe: H1 Entry at 1.0569 Take profit at 1.0669 Stop loss at 1.0532
EUR/USD gains ground as Powell’s testimony is not as hawkish as expected. Treasury yields pull back, putting additional pressure on the American currency. Euro bulls could focus on Fed’s comments and Treasury yields, ignoring problems of the European economy.
Powell noted: “We anticipate that ongoing rate increases will be appropriate; the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy.” risk disclosure
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