🔔🔔🔔EUR/USD News:
👉 The US dollar paused its rally on Thursday, with the US Dollar Index (DXY) falling just above the key 104.00 level as investors remained cautious about the possibility of a US recession, especially after former President Trump announced a new 25% tariff on imported cars.
👉 The main driver of the dollar’s recent gains has been Trump’s tariff threats, as he hinted at an additional 20% duty on imports from the European Union that could come into effect as early as next week.
👉 Trump’s tough stance on trade – this time targeting cars, aluminium and pharmaceuticals – has raised fears of a full-blown transatlantic trade war.
👉 On the one hand, such tariffs could force the Federal Reserve to maintain a hawkish stance to keep inflation in check. On the other hand, they risk slowing global growth, especially if the EU retaliates. This double blow has added volatility to the forex market, with the euro becoming the main focus.
Personal opinion
👉 Today's PCE news will be a high-stakes test for EUR/USD. Overall, the current trend of this currency pair is still down and remains within the downtrend line. Therefore, the rise will be an opportunity to Sell orders at a good price
👉 Analysis based on important resistance - support levels and Pivot Points combined with trend lines and EMAs to come up with a suitable strategy
Plan:
🔆Setting the price zone:
👉Sell EUR/USD 1.0800– 1.0810
❌SL: 1.0840 | ✅TP: 1.0760 – 1.0710
FM wishes you a successful trading day 💰💰💰
👉 The US dollar paused its rally on Thursday, with the US Dollar Index (DXY) falling just above the key 104.00 level as investors remained cautious about the possibility of a US recession, especially after former President Trump announced a new 25% tariff on imported cars.
👉 The main driver of the dollar’s recent gains has been Trump’s tariff threats, as he hinted at an additional 20% duty on imports from the European Union that could come into effect as early as next week.
👉 Trump’s tough stance on trade – this time targeting cars, aluminium and pharmaceuticals – has raised fears of a full-blown transatlantic trade war.
👉 On the one hand, such tariffs could force the Federal Reserve to maintain a hawkish stance to keep inflation in check. On the other hand, they risk slowing global growth, especially if the EU retaliates. This double blow has added volatility to the forex market, with the euro becoming the main focus.
Personal opinion
👉 Today's PCE news will be a high-stakes test for EUR/USD. Overall, the current trend of this currency pair is still down and remains within the downtrend line. Therefore, the rise will be an opportunity to Sell orders at a good price
👉 Analysis based on important resistance - support levels and Pivot Points combined with trend lines and EMAs to come up with a suitable strategy
Plan:
🔆Setting the price zone:
👉Sell EUR/USD 1.0800– 1.0810
❌SL: 1.0840 | ✅TP: 1.0760 – 1.0710
FM wishes you a successful trading day 💰💰💰
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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.