After last week's decline, the euro against the US dollar started to recover at the beginning of this week and is currently trading within the positive range around 1.0850.
According to the Wall Street Journal, the White House is adjusting its tariff policy set to take effect on April 2nd. It may cancel a series of tariffs targeting specific industries and instead impose reciprocal tariffs on countries with significant trade relations with the US. Affected by this news, during the European morning session, US stock index futures rose by 0.8% to 1.0%.
On the 4 - hour chart in the European morning session on Monday, the Relative Strength Index (RSI) indicator climbed to 50, indicating that the recent bearish momentum has dissipated to some extent.
In terms of the upward direction, the 50 - period Simple Moving Average (SMA) forms an interim resistance level at 1.0880, followed by 1.0900. If the euro - US dollar pair can firmly stand above this level, the next resistance level may be at 1.0950.
EURUSD Trading Strategy:
buy@1.08200-1.08500
tp:1.08900-1.09300
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
According to the Wall Street Journal, the White House is adjusting its tariff policy set to take effect on April 2nd. It may cancel a series of tariffs targeting specific industries and instead impose reciprocal tariffs on countries with significant trade relations with the US. Affected by this news, during the European morning session, US stock index futures rose by 0.8% to 1.0%.
On the 4 - hour chart in the European morning session on Monday, the Relative Strength Index (RSI) indicator climbed to 50, indicating that the recent bearish momentum has dissipated to some extent.
In terms of the upward direction, the 50 - period Simple Moving Average (SMA) forms an interim resistance level at 1.0880, followed by 1.0900. If the euro - US dollar pair can firmly stand above this level, the next resistance level may be at 1.0950.
EURUSD Trading Strategy:
buy@1.08200-1.08500
tp:1.08900-1.09300
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Trade active
Exercise patience and wait for high-probability trading setups to materialize. Avoid overtrading and maintain strict trade selection discipline.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
t.me/+IFqHodtrHds0MDk0
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.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
t.me/+IFqHodtrHds0MDk0
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.