🔔🔔🔔EUR/USD news:
👉The EUR/USD pair climbed toward 1.0800 during North American trading hours on Thursday, rebounding after six consecutive days of losses despite growing concerns over a potential trade war between the United States and the Eurozone. Trade war afraid intensified as the EU prepares to impose retaliatory tariffs on the U.S. in response to the 25% auto tariffs implemented by President Donald Trump on Wednesday, set to take effect on April 2.
👉 Germany’s economy is expected to be among the hardest hit by Trump’s auto tariffs, as the country exports 13% of its total automobile production to the U.S. Such a scenario could weaken the outlook for the Euro (EUR).
👉 Earlier in the day, President Trump also threatened to introduce large-scale tariffs on Canada and the Eurozone, accusing them of attempting to harm the U.S. economy. economy. Following these broad tariff threats, ECB policymaker and Belgian Central Bank Governor Pierre Wunsch stated in an interview with CNBC that tariffs would negatively impact economic growth and increase inflationary pressures.
Personal opinion:
👉 The recovery in the EUR/USD pair is also driven by a significant correction in the US Dollar. But this is only in the short term, the main trend is still more unfavorable for the EUR.
👉 Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.0810- 1.0820
❌SL: 1.0855 | ✅TP: 1.0770 – 1.0740 – 1.0700
FM wishes you a successful trading day 💰💰💰
👉The EUR/USD pair climbed toward 1.0800 during North American trading hours on Thursday, rebounding after six consecutive days of losses despite growing concerns over a potential trade war between the United States and the Eurozone. Trade war afraid intensified as the EU prepares to impose retaliatory tariffs on the U.S. in response to the 25% auto tariffs implemented by President Donald Trump on Wednesday, set to take effect on April 2.
👉 Germany’s economy is expected to be among the hardest hit by Trump’s auto tariffs, as the country exports 13% of its total automobile production to the U.S. Such a scenario could weaken the outlook for the Euro (EUR).
👉 Earlier in the day, President Trump also threatened to introduce large-scale tariffs on Canada and the Eurozone, accusing them of attempting to harm the U.S. economy. economy. Following these broad tariff threats, ECB policymaker and Belgian Central Bank Governor Pierre Wunsch stated in an interview with CNBC that tariffs would negatively impact economic growth and increase inflationary pressures.
Personal opinion:
👉 The recovery in the EUR/USD pair is also driven by a significant correction in the US Dollar. But this is only in the short term, the main trend is still more unfavorable for the EUR.
👉 Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.0810- 1.0820
❌SL: 1.0855 | ✅TP: 1.0770 – 1.0740 – 1.0700
FM wishes you a successful trading day 💰💰💰
Trade active
missed 2 pips to enter the trademissed 35 pips profit
What a pity
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
Related publications
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.