🔔🔔🔔EUR/USD news:
➡️ The EUR/USD pair climbed toward 1.1065 during early European trading on Wednesday, as the U.S. dollar weakened against the euro following the implementation of President Donald Trump's tariff policies. Later in the day, market participants are expected to turn their focus to the release of the FOMC meeting minutes.
➡️ On Tuesday, the U.S. dollar came under increased selling pressure as optimism surrounding potential tariff negotiations appeared to boost overall market sentiment.
➡️ Meanwhile, across the Atlantic, EU Commission President Ursula von der Leyen reiterated that while the EU remains open to negotiations, it is also prepared to respond with retaliatory measures. With the eurozone potentially facing a GDP loss of up to 0.5% if tensions escalate, market conditions remain on edge.
Personal opinion:
➡️ EUR/USD will continue to rise today following positive news for the EUR
➡️ However, the pair's RSI has entered overbought territory and is showing signs of a short-term reversal. Therefore, watch for technical recovery zones to buy at good prices.
➡️ Analysis based on important resistance - support and fibonacci zones combined with RSI to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.1030- 1.1020
❌SL: 1.0985 | ✅TP: 1.1080 – 1.1130
FM wishes you a successful trading day 💰💰💰
➡️ The EUR/USD pair climbed toward 1.1065 during early European trading on Wednesday, as the U.S. dollar weakened against the euro following the implementation of President Donald Trump's tariff policies. Later in the day, market participants are expected to turn their focus to the release of the FOMC meeting minutes.
➡️ On Tuesday, the U.S. dollar came under increased selling pressure as optimism surrounding potential tariff negotiations appeared to boost overall market sentiment.
➡️ Meanwhile, across the Atlantic, EU Commission President Ursula von der Leyen reiterated that while the EU remains open to negotiations, it is also prepared to respond with retaliatory measures. With the eurozone potentially facing a GDP loss of up to 0.5% if tensions escalate, market conditions remain on edge.
Personal opinion:
➡️ EUR/USD will continue to rise today following positive news for the EUR
➡️ However, the pair's RSI has entered overbought territory and is showing signs of a short-term reversal. Therefore, watch for technical recovery zones to buy at good prices.
➡️ Analysis based on important resistance - support and fibonacci zones combined with RSI to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.1030- 1.1020
❌SL: 1.0985 | ✅TP: 1.1080 – 1.1130
FM wishes you a successful trading day 💰💰💰
Trade active
check EUR/USDHit +75 pips from buy 1.1020
Congratulation
Trade closed: target reached
achieve the original goal
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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.