EUR - BULLISH
1️⃣ Optimism about a strong economic recovery as economies continue their reopening efforts and COVID-19 vaccinations pick up pace in the European Union.
USD - BEARISH
1️⃣ USD pressured as market participants weighed weak nonfarm payroll data last week against rising local inflation expectations.
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Technical
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We are buying the EURUSD on the RBS + above SMA 50 on the H1 chart.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
1️⃣ Optimism about a strong economic recovery as economies continue their reopening efforts and COVID-19 vaccinations pick up pace in the European Union.
USD - BEARISH
1️⃣ USD pressured as market participants weighed weak nonfarm payroll data last week against rising local inflation expectations.
=====
Technical
=====
We are buying the EURUSD on the RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
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✅ TRADE HAS HIT TP
+20 PIPS
+20 PIPS