EUR/USD Market Update:
🔆The US dollar continued to strengthen amid ongoing developments in President Trump’s tariff policies. While the widely debated 25% tariffs on Canadian and Mexican imports have been postponed, the 10% tariffs on Chinese goods remain unchanged. The lack of clarity and uncertainty from the White House initially led investors to unwind their long positions in the dollar early last week.
🔆However, the greenback regained momentum over the weekend after President Trump announced plans to introduce a new 25% tariff on all steel and aluminum imports into the US, in addition to the current tariffs on these metals.
🔆Investors are now closely watching Fed Chair Powell’s speech today. In the past, the Fed has maintained a hawkish stance amid concerns over Trump’s trade and fiscal policies. Meanwhile, the ECB recently cut interest rates by 25 basis points in an effort to address slowing economic growth and persistent inflation above its 2% target.
Personal Insight:
🔆The euro faces significant headwinds. A robust US dollar, diverging monetary policies between the Fed and the ECB, and internal challenges within the eurozone—such as Germany’s economic slowdown—could all put downward pressure on the single currency. While short-term rebounds are possible, the euro’s long-term trajectory remains uncertain, especially as global trade tensions, including those involving the EU, continue to unfold.
Technical Outlook:
🔆Analysis based on the RSI (4H) indicator, Fibonacci confluence trendlines, and key resistance-support levels.
Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.0330 -1.0345
❌SL: 1.0400 | ✅TP: 1.0300 – 1.026 – 1.021
🔆The US dollar continued to strengthen amid ongoing developments in President Trump’s tariff policies. While the widely debated 25% tariffs on Canadian and Mexican imports have been postponed, the 10% tariffs on Chinese goods remain unchanged. The lack of clarity and uncertainty from the White House initially led investors to unwind their long positions in the dollar early last week.
🔆However, the greenback regained momentum over the weekend after President Trump announced plans to introduce a new 25% tariff on all steel and aluminum imports into the US, in addition to the current tariffs on these metals.
🔆Investors are now closely watching Fed Chair Powell’s speech today. In the past, the Fed has maintained a hawkish stance amid concerns over Trump’s trade and fiscal policies. Meanwhile, the ECB recently cut interest rates by 25 basis points in an effort to address slowing economic growth and persistent inflation above its 2% target.
Personal Insight:
🔆The euro faces significant headwinds. A robust US dollar, diverging monetary policies between the Fed and the ECB, and internal challenges within the eurozone—such as Germany’s economic slowdown—could all put downward pressure on the single currency. While short-term rebounds are possible, the euro’s long-term trajectory remains uncertain, especially as global trade tensions, including those involving the EU, continue to unfold.
Technical Outlook:
🔆Analysis based on the RSI (4H) indicator, Fibonacci confluence trendlines, and key resistance-support levels.
Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.0330 -1.0345
❌SL: 1.0400 | ✅TP: 1.0300 – 1.026 – 1.021
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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.