EURUSD trend forecast March 5, 2025
💬EUR/USD surged on Wednesday, rising 1.75% and approaching the 1.0800 level as risk sentiment improved following yet another shift in US President Donald Trump’s tariff strategy. Once again, Trump appears to be backing away from his aggressive trade stance, which involves imposing steep import taxes on American consumers as a means of retaliating against foreign nations for perceived grievances.
Meanwhile, the European Central Bank (ECB) is expected to cut interest rates by another 25 basis points on Thursday, lowering the Main Refinancing Operations Rate to 2.65% and the Deposit Facility Rate to 2.5%. Despite sluggish and uneven economic growth in the EU during the first quarter, traders have scaled back expectations for further ECB rate cuts this year, as inflation remains more persistent than policymakers initially anticipated. Markets are now pricing in fewer than 70 basis points of additional rate cuts for the remainder of 2025.
💬 EURUSD has been on a big rise in the last 4 months, the impact of Trump's tax policies, Europe's currency consolidation. Pay attention to overbought conditions, H4 resistance will help the price retreat.
🥇/// SELL EURUSD: zone 1.08300 - 1.08500
SL: 1.08700
TP: 40 - 60 - 100pips ( 1.07500 )
Safe and profitable trading