EUR – English
- EUR/USD remains bullish as USD weakness persists amid softer US economic data. Lower-than-expected retail sales, inflation, and employment figures have reduced expectations for a hawkish Fed, driving traders to unwind USD positions. This has supported EUR strength, with price action holding above key moving averages.
- Momentum indicators, including a strong ADX and positive MACD, suggest continued upside potential. However, consolidation near 1.1600 signals caution, with a pullback likely before further gains. A sustained break above 1.1620 could target 1.1685.
- Near-term risks include hawkish FOMC minutes or stronger US data, which could revive USD demand and weaken the bullish EUR setup.
EUR – Urdu
- EUR/USD bullish hai kyun ke USD kamzor ho raha hai, aur US economic data expected se soft aya hai.
- Retail sales, inflation aur employment ke numbers expected se kam rahe hain. Is wajah se market ko lag raha hai ke Federal Reserve zyada hawkish policy nahi rakhega.
- Traders USD ki buying positions close kar rahe hain, jis se dollar par pressure hai aur Euro strong ho raha hai.
Sentiment : Bullish
