The EUR/USD is looking somewhat positive.
I assume because the Exports to the US is under 1 -2% per country, it won't cause major havoc for Europe's GDP even though it's still not great.
Investors are finding a safe haven within the EUR and out of the USD.
Other reasons for the EUR/USD include:
🇺🇸 U.S. Tariffs & Uncertainty
Trump's new 104% tariffs spooked markets and hurt the dollar.
🇪🇺 ECB Support Talk
The ECB said it's ready to step in to keep inflation on track.
📉 Dollar Weakness
Investors are pulling out of the dollar amid global slowdown fears.
🧠 Sentiment Shift
Traders are betting on the euro with the dollar under pressure.
TECHNICALS
Inv Head and SHoulders and the Neckline has finally broken up signalling upside for the EUR.
Price 20 and 200 MA
Target 1.1610
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
I assume because the Exports to the US is under 1 -2% per country, it won't cause major havoc for Europe's GDP even though it's still not great.
Investors are finding a safe haven within the EUR and out of the USD.
Other reasons for the EUR/USD include:
🇺🇸 U.S. Tariffs & Uncertainty
Trump's new 104% tariffs spooked markets and hurt the dollar.
🇪🇺 ECB Support Talk
The ECB said it's ready to step in to keep inflation on track.
📉 Dollar Weakness
Investors are pulling out of the dollar amid global slowdown fears.
🧠 Sentiment Shift
Traders are betting on the euro with the dollar under pressure.
TECHNICALS
Inv Head and SHoulders and the Neckline has finally broken up signalling upside for the EUR.
Price 20 and 200 MA
Target 1.1610
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.