EURUSD We may unwind the entire wsj media manipulation move just like we did with previous tariff news moves. The media seems obsessed with trying to soften the tariff rhetoric either to benefit their languishing long positions or to help prevent the dollar from from causing a currency crisis. With that said we are now due for a test of 50 day SMA/EMA so we could see a move towards those moving averages after back testing some areas of support below.
EURUSD Trump just said ‘We have a 300B trade deficit with the European Union…we have to sort that out with either tariffs or by oil…we will sort that out”. So I find this interesting but this is definitely down the road.
he will impose tarrifs and the markets need to price it in as inflated at the dollar is euro is getting worse by the day and dollar will just keep rising due to these tarrifs it will price in he said just now