🔔🔔🔔 EUR/USD news:
➡️ The EUR/USD pair edged slightly lower during Monday’s European session, hovering around the 1.1380 level after posting gains in the previous two sessions. The pair had strengthened amid a weakening US dollar, which came under pressure due to escalating trade tensions between the US and China—raising fears of a potential global recession.
➡️ On Friday, China's Ministry of Finance announced a sharp increase in tariffs on US goods, raising them from 84% to 125%, in retaliation to US President Donald Trump's move a day earlier to hike tariffs on Chinese imports to 145%. Meanwhile, in an effort to ease trade tensions, the European Union announced a 90-day delay on planned retaliatory tariffs, mirroring a similar pause by Washington to support renewal negotiations.
Personal opinion:
➡️ In the short term, the USD is showing signs of a slight recovery after DXY's RSI entered the oversold zone.
➡️ The EUR/USD bulls are also taking profits and taking a break to monitor the next developments of the market to create a clearer buying momentum.
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1420 - 1.1400
❌SL:1.1460| ✅TP: 1.1335 - 1.1285
FM wishes you a successful trading day 💰💰💰
➡️ The EUR/USD pair edged slightly lower during Monday’s European session, hovering around the 1.1380 level after posting gains in the previous two sessions. The pair had strengthened amid a weakening US dollar, which came under pressure due to escalating trade tensions between the US and China—raising fears of a potential global recession.
➡️ On Friday, China's Ministry of Finance announced a sharp increase in tariffs on US goods, raising them from 84% to 125%, in retaliation to US President Donald Trump's move a day earlier to hike tariffs on Chinese imports to 145%. Meanwhile, in an effort to ease trade tensions, the European Union announced a 90-day delay on planned retaliatory tariffs, mirroring a similar pause by Washington to support renewal negotiations.
Personal opinion:
➡️ In the short term, the USD is showing signs of a slight recovery after DXY's RSI entered the oversold zone.
➡️ The EUR/USD bulls are also taking profits and taking a break to monitor the next developments of the market to create a clearer buying momentum.
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1420 - 1.1400
❌SL:1.1460| ✅TP: 1.1335 - 1.1285
FM wishes you a successful trading day 💰💰💰
Note
Hit + 35 pips from Sell 1.1407Trade active
check EUR/USDHit + 110 pips from sell 1.1407
Big profit
Congratulation
Trade closed: target reached
Hit max profit 140 pips from sell 1.1407Successful Sell Plan
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
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.