Euro / U.S. DollarShort
Bearish on EURUSD
"Last week, the EUR strengthened by more than 5% against the USD, a notable move driven by market uncertainty surrounding President Trump's proposed tariffs. This appreciation unfolded without significant corrections, reflecting sustained buying pressure in the currency pair. The 1.09 level currently stands as a critical daily resistance, which may cap further upside in the near term. My analysis suggests an impending reversal around these levels, a view reinforced by the emergence of a bearish butterfly pattern on the charts, signaling potential exhaustion of the bullish momentum.
This anticipated downturn aligns with broader market dynamics, including escalating global geopolitical tensions. Ongoing trade disputes, heightened by tariff uncertainties, continue to rattle investor confidence.
TP 1.06
TP 1.03
This anticipated downturn aligns with broader market dynamics, including escalating global geopolitical tensions. Ongoing trade disputes, heightened by tariff uncertainties, continue to rattle investor confidence.
TP 1.06
TP 1.03
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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.