🔔🔔🔔EUR/USD news:
👉The US Dollar (Greenback) strengthens as President Donald Trump's steel and aluminum tariffs take effect on Wednesday. The White House confirmed that a 25% tariff on all imported steel and aluminum will be implemented as planned, affecting key US allies and top suppliers, including Canada and Mexico.
👉Additionally, increasing speculation that the European Central Bank (ECB) will cut interest rates twice more by summer could put pressure on the Euro against the USD. Traders have already factored in two additional rate cuts, driven by strong confidence that Eurozone inflation will steadily return to the 2% target this year.
Personal opinion:
👉DXY bounces sharply after falling to a multi-week low
👉EUR/USD RSI (4H) shows signs of divergence
👉Europe is caught in a trade war with the US despite the two sides being trade allies, which will weaken the EUR more than the USD
➡️➡️➡️Indicating the possibility that EUR/USD will decline in the near future
Analysis:
👉Based on important resistance - support levels combined with pivot points standard and SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1000 - 1.1010
❌SL: 1.1050 | ✅TP: 1.0940 - 1.0880 - 1.0800
FM wishes you a successful trading day 💰💰💰
👉The US Dollar (Greenback) strengthens as President Donald Trump's steel and aluminum tariffs take effect on Wednesday. The White House confirmed that a 25% tariff on all imported steel and aluminum will be implemented as planned, affecting key US allies and top suppliers, including Canada and Mexico.
👉Additionally, increasing speculation that the European Central Bank (ECB) will cut interest rates twice more by summer could put pressure on the Euro against the USD. Traders have already factored in two additional rate cuts, driven by strong confidence that Eurozone inflation will steadily return to the 2% target this year.
Personal opinion:
👉DXY bounces sharply after falling to a multi-week low
👉EUR/USD RSI (4H) shows signs of divergence
👉Europe is caught in a trade war with the US despite the two sides being trade allies, which will weaken the EUR more than the USD
➡️➡️➡️Indicating the possibility that EUR/USD will decline in the near future
Analysis:
👉Based on important resistance - support levels combined with pivot points standard and SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1000 - 1.1010
❌SL: 1.1050 | ✅TP: 1.0940 - 1.0880 - 1.0800
FM wishes you a successful trading day 💰💰💰
Trade active
EUR/USD follows initial forecast, downTrade closed manually
EURUSD hits EMA34 support and bounces up
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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
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.