Euro / U.S. Dollar
Short
Updated

EURUSD - 21 April, waiting for SELL entry, Fibo retracement H1

262
EURUSD trend forecast April 21 , 2025


💬The EUR/USD pair breaks out of a multi-day consolidation phase and climbs to a new high not seen since February 2022, reaching around the 1.1485 mark during Monday’s Asian session. This upward move is driven by continued weakness in the US Dollar (USD), reinforcing expectations for the ongoing bullish trend to persist.

Although Federal Reserve (Fed) Chair Jerome Powell made hawkish remarks last Wednesday, indicating that interest rates will likely remain unchanged until clearer economic signals emerge, the USD remains under pressure. Ongoing uncertainty stemming from US President Donald Trump's shifting tariff strategies has shaken investor confidence in the US economy, pushing the Dollar to a two-year low to start the week.

💬The weakness of DXY at the beginning of the week caused EURUSD to react upwards, waiting for the retracement zone according to FIBO H1 to execute the EURUSD sell signal

🥇/// SELL EURUSD : zone 1.15400 - 1.15600

SL: 1.15900

TP: 40 - 60 - 150pips ( 1.14100 )



Safe and profitable trading
Trade active
+ 20 pips , signal SELL EURUSD 1.15400 - 1.15600
Trade closed: target reached
Near 50 pips , signal SELL EURUSD 1.15400 - 1.15600 , great

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