🔔🔔🔔EUR/USD news:
👉Trump confirmed that tariffs on Canada and Mexico will take effect starting Tuesday and revealed plans to double the 10% universal tariff on Chinese imports. This move increases the likelihood of a global trade war, boosting demand for gold as a safe-haven asset.
👉Meanwhile, traders continue to anticipate that the Federal Reserve (Fed) will implement two quarter-point interest rate cuts by the end of the year due to weakening consumer sentiment. As a result, the US Dollar (USD) struggles to extend its three-day rebound from a more than two-month low.
👉At the same time, the Euro (EUR) strengthens as Europe intensifies its diplomatic efforts to achieve peace in Ukraine. This puts additional pressure on the USD while further supporting gold prices, which are denominated in US Dollars.
Personal opinion:
👉At the time of writing, EUR/USD is priced at 1.0400. It is expected that there will be a slight recovery because the RSI (1H) indicator is in the sell zone and will bounce at 1.0360 to maintain the medium-term uptrend.
Analysis:
👉Based on important resistance - support levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.0365 – 1.0355
❌SL: 1.0310 | ✅TP: 1.0410 – 1.0450 – 1.0490
FM wishes you a successful trading day 💰💰💰
👉Trump confirmed that tariffs on Canada and Mexico will take effect starting Tuesday and revealed plans to double the 10% universal tariff on Chinese imports. This move increases the likelihood of a global trade war, boosting demand for gold as a safe-haven asset.
👉Meanwhile, traders continue to anticipate that the Federal Reserve (Fed) will implement two quarter-point interest rate cuts by the end of the year due to weakening consumer sentiment. As a result, the US Dollar (USD) struggles to extend its three-day rebound from a more than two-month low.
👉At the same time, the Euro (EUR) strengthens as Europe intensifies its diplomatic efforts to achieve peace in Ukraine. This puts additional pressure on the USD while further supporting gold prices, which are denominated in US Dollars.
Personal opinion:
👉At the time of writing, EUR/USD is priced at 1.0400. It is expected that there will be a slight recovery because the RSI (1H) indicator is in the sell zone and will bounce at 1.0360 to maintain the medium-term uptrend.
Analysis:
👉Based on important resistance - support levels combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.0365 – 1.0355
❌SL: 1.0310 | ✅TP: 1.0410 – 1.0450 – 1.0490
FM wishes you a successful trading day 💰💰💰
Trade active
Break and go back to the original planTrade closed: target reached
still on the uptrend, but there will be a slight recovery
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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
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.