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Trump to unveil auto tariffs at 4 p.m.President Trump will announce new tariffs on auto imports during a press conference in the Oval Office at 4 p.m. ET, according to White House press secretary Karoline Leavitt. The headlines have weighed heavily on EUR/USD, pushing the pair to multi-week lows (now below 1.0750). However, it is hard to find sources that indicate that the tariffs announced today will apply to autos coming from Europe. Regardless of today’s announcement, Trump has promoted next week’s April 2 as D-Day for imposing reciprocal tariffs on all countries that maintain import duties on U.S. goods. So, the market might just be getting ahead of itself for good reason.
by BlackBull_Markets
EUR/USD Chart Analysis - Bearish Breakdown Towards Target📉 Pattern & Market Structure: The chart shows an ascending channel that was previously supporting price action. However, the price has broken below the lower trendline, confirming a bearish breakdown. The recent price action suggests a shift from bullish momentum to bearish sentiment. 📉 Price Action & Target: A breakdown from the channel suggests further downside movement. The price is currently around 1.07556, with a potential target of 1.05089 based on the measured move from the broken channel. This target aligns with a key support level. 📌 Trading Plan: Bears may look for sell opportunities below 1.07602. Confirmation of further downside can be seen if the price stays below previous support-turned-resistance levels. Bulls might wait for a potential reversal near the target zone. ⚠️ Risk Management: Watch for pullbacks or retests of the broken support before entering a short position. A break back above 1.08765 could invalidate the bearish setup.
Short
by PIPsOptimizer
GBP/USD Potential Bear Momentum...I couldn't resist the GBP/USD bear opportunity here displaying a broadening pattern. I'm already in established shorts on the EUR/USD at 1.0891 but decided to jump in on GBP/USD at 1.2916 considering the price movements can be more pronounced. Right now, my cap on whether this trade works or not is 1.3000. if we, for whatever reason, pop back up to 1.3000, I'd close this trade but for now, I think this trade looks good and will target 1.2750 however, using chart pattern percentages, I wouldn't be surprised to see 1.2600. We'll see how this one looks going forward, especially with trump announcing more tariffs later today. As always, Good Luck & Trade Safe.
by InternalTraderNYC
Bullish bounce off pullback support?GBP/CAD has bounce of the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.8357 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.8234 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Take profit: 1.8512 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
AUDUSD | APRIL 2025 FORECAST| This Next Move will be Massive!AUD/USD is shaping up for a critical month, with price action hovering around a key support zone near . The pair has been reacting to , influencing both bullish and bearish momentum. 🔹 Trend Analysis: The pair remains in a on the higher timeframe, with acting as dynamic support/resistance. 🔹 Key Levels: Support at , resistance at . 🔹 Momentum & Structure: A break above could trigger bullish continuation, while failure to hold may lead to a deeper retracement. With fundamentals aligning with technicals, this month could present solid trading opportunities. Will AUD/USD push higher, or are we in for a reversal? Drop your thoughts below! 🚀📊 #AUDUSD
by TLTurnerTV
Audjpy Short Setup - RSTRADINGMarket Overview: AUDJPY is currently in a daily bearish trend, rejecting a key resistance level and forming a potential lower high. The price has failed to break above a strong resistance zone around 95.151, respecting the trendline and forming a Break of Structure (BOS) on the 4-hour timeframe. Technical Breakdown: Trend: Bearish (Daily and 4H) Resistance Zone: 95.151 Break of Structure (BOS): Confirmed, signaling bearish continuation Liquidity (LIQ$): Below recent lows, where sellers are likely targeting 50% of Previous Daily Candle: Acting as a key level for potential short entries Risk-to-Reward (R:R): 1:6 potential trade setup Trade Plan: 📉 Short Entry: After a potential pullback to the 50% of previous daily candle or a minor retest of the recent structure break. 🎯 Target: Major liquidity zone around 91.822 - 92.516 🛑 Stop Loss: Above 95.151 resistance zone Confluence Factors: ✅ Trendline rejection - Price respecting the descending trendline ✅ Bearish structure confirmed - BOS indicates continuation to the downside ✅ Liquidity grab expected - Targeting liquidity at the lower key levels 🔎 Overall Bias: Bearish with a high-probability short setup. Watching for a possible retracement before continuation to downside.
Short
by RSTrad1ng
EURUSD technical analysis.The image is a forex trading chart from TradingView, specifically for the EUR/USD currency pair on the 1-hour timeframe. Key observations: The current price is 1.08238 (+0.21%). A target zone is marked with a purple rectangle around the 1.08500 level. There is a support level around 1.08022 (marked by a black horizontal line). The price appears to be moving upward toward the target zone, with a possible retracement before continuing. Annotations and black arrows indicate the expected movement. This analysis suggests a bullish outlook, with price action targeting the resistance zone near 1.08500.
Long
by Forex_Trading_Team