👀 Possible scenario:
The euro fell 0.28% against the U.S. dollar on April 29 amid rising uncertainty over U.S. inflation and unclear central bank policy paths. That same day, President Trump signed executive orders introducing relief measures to offset new auto tariffs, while trade talks showed modest progress with deals nearing completion with India and South Korea. Despite temporary market relief, concerns remain over the economic impact of tariffs.
On April 30, traders will watch key Eurozone GDP reports, which could move EUR/USD below 1.1300 or up toward 1.1430, depending on the results.
✅Support and Resistance Levels
Now, the support level is located at 1.12725.
Resistance level is now located at 1.15750.
The euro fell 0.28% against the U.S. dollar on April 29 amid rising uncertainty over U.S. inflation and unclear central bank policy paths. That same day, President Trump signed executive orders introducing relief measures to offset new auto tariffs, while trade talks showed modest progress with deals nearing completion with India and South Korea. Despite temporary market relief, concerns remain over the economic impact of tariffs.
On April 30, traders will watch key Eurozone GDP reports, which could move EUR/USD below 1.1300 or up toward 1.1430, depending on the results.
✅Support and Resistance Levels
Now, the support level is located at 1.12725.
Resistance level is now located at 1.15750.
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.
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.