EURUSD Short Term Analysis
News:
EUR/USD fell significantly to 1.0250 during the Asian and European sessions as Trump’s tariff war on imports from Canada, Mexico and China kept the US dollar steady and weighed on the pair.
Analysis:
On the daily chart, the bearish trend remains dominant with consecutive lower highs, indicating continued selling pressure. However, the downside momentum is showing signs of slowing down, which could lead to a short-term bullish correction. The key resistance level combined with Fibonacci to watch is the 1.0320 – 1.0350 zone, where fresh selling pressure could emerge if the price fails to break.
When trading the EUR/USD pair, it is necessary to closely monitor economic reports from both the EU and the US, especially the interest rate decisions of the ECB and the Fed, as well as the tariff policies of both sides
In summary:
The short-term trend of EUR/USD is bearish due to the US tariff policy causing the strength of the dollar to increase, but there may be an upward correction. However, the ECB is also preparing cautious measures to avoid depreciating the EUR against the USD. The long-term forecast is that the EUR will still rise due to the policy of reducing interest rates to promote strong growth of the EU economy
EUR/USD fell significantly to 1.0250 during the Asian and European sessions as Trump’s tariff war on imports from Canada, Mexico and China kept the US dollar steady and weighed on the pair.
Analysis:
On the daily chart, the bearish trend remains dominant with consecutive lower highs, indicating continued selling pressure. However, the downside momentum is showing signs of slowing down, which could lead to a short-term bullish correction. The key resistance level combined with Fibonacci to watch is the 1.0320 – 1.0350 zone, where fresh selling pressure could emerge if the price fails to break.
When trading the EUR/USD pair, it is necessary to closely monitor economic reports from both the EU and the US, especially the interest rate decisions of the ECB and the Fed, as well as the tariff policies of both sides
In summary:
The short-term trend of EUR/USD is bearish due to the US tariff policy causing the strength of the dollar to increase, but there may be an upward correction. However, the ECB is also preparing cautious measures to avoid depreciating the EUR against the USD. The long-term forecast is that the EUR will still rise due to the policy of reducing interest rates to promote strong growth of the EU economy
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Join now !!!!
Channel: signals - knowledge and FOREX comments
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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.