🔔🔔🔔EUR/USD news:
👉The EUR/USD pair continues to extend its decline from its recent yearly high, starting the week on a negative note. It has fallen below the 1.0800 support level, reaching a new three-week low near 1.0780, an area that also coincides with the temporary 100-day SMA. This correction comes as the US Dollar (USD) regains momentum, with the US Dollar Index (DXY) strengthening further above the 104.00 mark, as investors closely monitor the latest developments regarding tariffs.
Personal analysis:
👉EUR/USD will maintain its short-term decline and await further news on US tariffs and Russia-Ukraine ceasefire talks.
👉The market is stable as there is little information affecting the pair today.
👉Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USd 1.0790- 1.0800
❌SL: 1.0830 | ✅TP: 1.0750 – 1.0720
FM wishes you a successful trading day 💰💰💰
👉The EUR/USD pair continues to extend its decline from its recent yearly high, starting the week on a negative note. It has fallen below the 1.0800 support level, reaching a new three-week low near 1.0780, an area that also coincides with the temporary 100-day SMA. This correction comes as the US Dollar (USD) regains momentum, with the US Dollar Index (DXY) strengthening further above the 104.00 mark, as investors closely monitor the latest developments regarding tariffs.
Personal analysis:
👉EUR/USD will maintain its short-term decline and await further news on US tariffs and Russia-Ukraine ceasefire talks.
👉The market is stable as there is little information affecting the pair today.
👉Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USd 1.0790- 1.0800
❌SL: 1.0830 | ✅TP: 1.0750 – 1.0720
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
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.