EUR/USD Breaks Out!! What’s Your Play with Galileo FX?

EUR Market Overview


In my opinion the euro got a nice boost. August CPI came in a touch softer at 2.0% vs 2.1% expected, while core CPI held steady at 2.3%. Basically, eurozone inflation keeps showing signs of cooling, and the German 30 year Bund auction cleared slightly lower at 3.251% vs 3.281% before. On the market side, broad USD weakness ahead of FOMC gave EUR/USD strong momentum even pushing it to the highest levels since 2021. Big banks also stayed bullish:

• MUFG: momentum fueled by pre FOMC dollar selling.
• Scotiabank: minor pullback, but euro still near multi year highs.
• UniCredit: any dip post FOMC likely just another buying opportunity, with 1.20 in sight.
• ING: bullish breakout from a 10-week consolidation, supported by narrowing EUR/USD swap spreads. Buyers likely step back in around 1.1750–1.1780.

Both fundamentals and technicals look supportive. As long as demand holds, the euro still has room to run higher.


What do you guys think do you see EUR/USD pushing further toward 1.20, or are you waiting for a dip to jump in? Any strategies or Galileo FX settings you’d recommend in this kind of EUR market?

 

[MARKC]

That’s a great overview thanks for sharing! EUR/USD definitely looks strong with fundamentals and technicals lining up.

For Galileo FX, some traders prefer settings that make the bot more responsive to momentum, while others keep things conservative and wait for dips. Using tools like trailing stops can also help protect profits if the move continues higher.

At the end of the day, it really depends on your own strategy and risk style these are just sample ideas

 

[Aymen Khriji]

totally agree with your fundamental insights,
it still has a room to grow until further USD inflation data and labor market
maybe untill next FOMC meeting in october
i think our bot will be catching more longs on the EUR/USD Pair