đź‘€Possible scenario:
The euro (EUR) rose 0.20% as investors grew cautious over a sweeping U.S. tax and spending bill that could sharply widen the federal deficit. The proposal has intensified doubts about the sustainability of U.S. debt, reducing demand for dollar assets. Ongoing fiscal uncertainty continues to erode confidence in U.S. financial instruments, limiting the dollar’s recovery as markets remain alert to potential shifts in monetary policy and interest rates.
On May 27, two key U.S. economic indicators—Durable Goods Orders (12:30 p.m. UTC) and CB Consumer Confidence (2:00 p.m. UTC)—are set to be released and could influence market movements.
âś…Support and Resistance Levels
Now, the support level is located at 1.12265.
Resistance level is located at 1.14220.
The euro (EUR) rose 0.20% as investors grew cautious over a sweeping U.S. tax and spending bill that could sharply widen the federal deficit. The proposal has intensified doubts about the sustainability of U.S. debt, reducing demand for dollar assets. Ongoing fiscal uncertainty continues to erode confidence in U.S. financial instruments, limiting the dollar’s recovery as markets remain alert to potential shifts in monetary policy and interest rates.
On May 27, two key U.S. economic indicators—Durable Goods Orders (12:30 p.m. UTC) and CB Consumer Confidence (2:00 p.m. UTC)—are set to be released and could influence market movements.
âś…Support and Resistance Levels
Now, the support level is located at 1.12265.
Resistance level is located at 1.14220.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.