🔔🔔🔔EUR/USD news:
👉EUR/USD remains in positive territory near 1.0850 during the European session on Monday, rebounding from a three-day losing streak. Improving risk sentiment, driven by easing concerns over US reciprocal tariffs, has put pressure on the US Dollar and helped the pair stay firm despite mixed German PMI data.
👉The shift toward risk appetite has made it difficult for the US Dollar (USD) to extend last week’s gains, providing support for EUR/USD at the start of the week.
👉According to the Wall Street Journal, the White House is revising its tariff strategy set to take effect on April 2, potentially skipping industry-specific duties while imposing reciprocal tariffs on key US trading partners. Likewise, Bloomberg reports that President Donald Trump’s tariff measures are expected to be more precisely targeted than initially anticipated. Following these headlines, US stock futures rose between 0.8% and 1.0% during the European morning session.
Personal analysis:
👉 The market’s reaction to the PMI data is likely to be brief and straightforward. Positive releases from Germany and/or the Eurozone could provide immediate support for the Euro. Conversely, if any of the key US PMI indices fall below 50, it could further weigh on the US Dollar.
👉Therefore, investors should keep an eye on the Economic Calendar, which will release the US PMI data on Monday afternoon.
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD news: 1.0900 – 1.0910
❌SL: 1.0950| ✅TP: 1.0850 – 1.0805 1.0755
FM wishes you a successful trading day 💰💰💰
👉EUR/USD remains in positive territory near 1.0850 during the European session on Monday, rebounding from a three-day losing streak. Improving risk sentiment, driven by easing concerns over US reciprocal tariffs, has put pressure on the US Dollar and helped the pair stay firm despite mixed German PMI data.
👉The shift toward risk appetite has made it difficult for the US Dollar (USD) to extend last week’s gains, providing support for EUR/USD at the start of the week.
👉According to the Wall Street Journal, the White House is revising its tariff strategy set to take effect on April 2, potentially skipping industry-specific duties while imposing reciprocal tariffs on key US trading partners. Likewise, Bloomberg reports that President Donald Trump’s tariff measures are expected to be more precisely targeted than initially anticipated. Following these headlines, US stock futures rose between 0.8% and 1.0% during the European morning session.
Personal analysis:
👉 The market’s reaction to the PMI data is likely to be brief and straightforward. Positive releases from Germany and/or the Eurozone could provide immediate support for the Euro. Conversely, if any of the key US PMI indices fall below 50, it could further weigh on the US Dollar.
👉Therefore, investors should keep an eye on the Economic Calendar, which will release the US PMI data on Monday afternoon.
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD news: 1.0900 – 1.0910
❌SL: 1.0950| ✅TP: 1.0850 – 1.0805 1.0755
FM wishes you a successful trading day 💰💰💰
Trade active
plan still on tracktowards 1.0750
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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.