💢💢💢EUR/USD news:
➡️ Retail sales in Germany increased by 0.8% month-on-month (MoM) in February, following a 0.2% increase in January. This figure significantly exceeds market expectations of 0%. The euro seems to be receiving support from this data.
➡️ On the other hand, there is additional support from the easing of concerns over the EU-U.S. trade war. In fact, the European Commission (EC) signaled that they were prepared to offer concessions to the U.S. to avoid what President Trump had referred to as reciprocal tariffs, which he was set to announce on Wednesday. However, the prevailing risk-off sentiment may provide some support for the safe-haven U.S. dollar, limiting the upward momentum of the EUR/USD pair.
➡️ The EUR/USD exchange rate has shown positive movement for the third consecutive day amid the overall weakness of the U.S. dollar.
Personal opinion:
➡️ Today the EUR/USD pair will still maintain an uptrend due to improved risk sentiment. However, in the long term, it is still cautious for the pair's upward momentum. Due to the unpredictable policies that Trump brings.
➡️ There are signs of a slight decline after RSI almost entered the overbought zone
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉 Buy EUR/USD 1.0810 - 1.0800
❌SL: 1.0770 | ✅TP: 1.0850 - 1.0895
FM wishes you a successful trading day 💰💰💰
➡️ Retail sales in Germany increased by 0.8% month-on-month (MoM) in February, following a 0.2% increase in January. This figure significantly exceeds market expectations of 0%. The euro seems to be receiving support from this data.
➡️ On the other hand, there is additional support from the easing of concerns over the EU-U.S. trade war. In fact, the European Commission (EC) signaled that they were prepared to offer concessions to the U.S. to avoid what President Trump had referred to as reciprocal tariffs, which he was set to announce on Wednesday. However, the prevailing risk-off sentiment may provide some support for the safe-haven U.S. dollar, limiting the upward momentum of the EUR/USD pair.
➡️ The EUR/USD exchange rate has shown positive movement for the third consecutive day amid the overall weakness of the U.S. dollar.
Personal opinion:
➡️ Today the EUR/USD pair will still maintain an uptrend due to improved risk sentiment. However, in the long term, it is still cautious for the pair's upward momentum. Due to the unpredictable policies that Trump brings.
➡️ There are signs of a slight decline after RSI almost entered the overbought zone
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉 Buy EUR/USD 1.0810 - 1.0800
❌SL: 1.0770 | ✅TP: 1.0850 - 1.0895
FM wishes you a successful trading day 💰💰💰
Trade active
The market is moving sideways and waiting for the outcome of the April 2 tariff policy.Trade closed: target reached
check EUR/USDhit + 60 pips from Buy 1.0800
congratulation
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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.