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Eurozone Data Drives Today's GOLDEUR Fundamental Outlook The GOLDEUR forex pair, known commonly as "Gold Euro," represents the value of gold priced in euros. As a significant indicator of both market risk appetite and currency strength, GOLDEUR attracts traders focusing on metals, forex, and commodities. Today's fundamental analysis is closely tied to several high-impact news events for the Euro. Investor sentiment from the Sentix survey will be key; a higher-than-forecasted figure could enhance Euro strength and thus pressure GOLDEUR downward. Retail sales data will also be closely watched, with better-than-expected figures providing bullish support to the Euro, potentially suppressing gold's value in euro terms. Additionally, ECB President Christine Lagarde's testimony could induce volatility, as traders seek clues regarding future ECB monetary policy and interest rate outlooks, potentially affecting short-term GOLDEUR price action. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. Technical analysis of the GOLDEUR H4 chart indicates that the price is currently experiencing a sharp upward movement but is struggling at the upper boundary of its ascending channel, signaling resistance at current levels. Fibonacci extension levels at 1.0 and 1.68 are projected as the next potential targets if bullish momentum persists. The Linear Regression Curve confirms an established bullish trend, illustrating consistent upward momentum. The Parabolic SAR is positioned below the price candles, reaffirming the current bullish sentiment. Meanwhile, the MACD indicator suggests bullish strength, though the slight convergence hints at possible weakening momentum, warranting caution near resistance zones. •DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore
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