The core bullish logic:

Wait 5 sec.

The core bullish logic:Euro vs United States DollarTICKMILL:EURUSDRyan_Lewis1The loosening of the US dollar's status: The proportion of US dollar reserves has been continuously declining, and the euro has become the main recipient of "de-dollarization", with long-term buying providing support. The divergence in risks between the US and Europe: Concerns over a US economic recession are rising, while the eurozone's service sector is experiencing stable growth, driving risk-averse funds towards the euro. Sentiment boost: Euro short positions are being covered (net short positions have decreased by 35%) and foreign capital is increasing its holdings of government bonds (net purchases of 42 billion euros in October), providing upward momentum. Trading Strategy for EUR/USD buy:1.16300-1.16400 tp:1.16700-1.16800 sl:1.16000