EUR/USD:BUY From 1.0500 Support Area For A new LONG Setup

EUR/USD After the Pullback on the 50% FIBO level today the price is struggling in the support area of 1.0500 where the value comes from a bullish impulse of the last session with the dynamic trendline working as resistance inside a bullish channel let's think a new Long impulse for this currency pair.

U.S. 10-year bond yields also continued to decline, reaching their lowest level since mid-September at 3.41%, amid recession fears and uncertainty about the implications of further aggressive tightening as we await November CPI data next week.

The U.S. dollar, on the other hand, reversed Tuesday's gains as currencies continued to fluctuate ahead of important central bank decisions and key economic announcements next week.

The only important data today are the weekly U.S. jobless claims, which are expected to rise from 225,000 to 230,000, with 1.6 million continuing applications, and the ECB president's speech.

all these clues, between technical scenario and fundamental, make our Idea about a new Bullish setup.

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