🔔🔔🔔EUR/USD news:
➡️ The EUR/USD pair held steady around the 1.1400 level during early Asian trading on Thursday, as investors remained cautious, waiting to see whether U.S. President Donald Trump's administration would reach a new trade deal with its partners.
➡️ On the data front, the Eurozone confirmed that the Harmonized Index of Consumer Prices (HICP) rose by 2.2% year-over-year in March, with a monthly increase of 0.6%. Across the Atlantic, U.S. data showed that retail sales grew by 1.4% in March, slightly surpassing expectations of a 1.3% rise.
Personal opinion:
➡️ EUR/USD has tested the 1.1430 level several times but has failed to break above it. Therefore, this is a strong resistance zone for EUR/USD.
➡️ In addition, prices are falling after the RSI entered the overbought zone and showed signs of bearish divergence. Further strengthening the short-term bearish momentum for this pair
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1380 – 1.1400
❌SL: 1.1435 | ✅TP: 1.1325 – 1.1270
👉Buy EUR/USD 1.1240 – 1.1230
❌SL: 1.190 | ✅TP: 1.1290– 1.1340
FM wishes you a successful trading day 💰💰💰
➡️ The EUR/USD pair held steady around the 1.1400 level during early Asian trading on Thursday, as investors remained cautious, waiting to see whether U.S. President Donald Trump's administration would reach a new trade deal with its partners.
➡️ On the data front, the Eurozone confirmed that the Harmonized Index of Consumer Prices (HICP) rose by 2.2% year-over-year in March, with a monthly increase of 0.6%. Across the Atlantic, U.S. data showed that retail sales grew by 1.4% in March, slightly surpassing expectations of a 1.3% rise.
Personal opinion:
➡️ EUR/USD has tested the 1.1430 level several times but has failed to break above it. Therefore, this is a strong resistance zone for EUR/USD.
➡️ In addition, prices are falling after the RSI entered the overbought zone and showed signs of bearish divergence. Further strengthening the short-term bearish momentum for this pair
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1380 – 1.1400
❌SL: 1.1435 | ✅TP: 1.1325 – 1.1270
👉Buy EUR/USD 1.1240 – 1.1230
❌SL: 1.190 | ✅TP: 1.1290– 1.1340
FM wishes you a successful trading day 💰💰💰
Trade active
Check EUR/USDHit + 50 pips from sell 1.1390
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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.