EURUSD: Short-Term Bearish Setup
Today, the EURUSD saw an uptick due to news from Germany:
"Germany's CDU, SPD have agreed on a solution with Greens on financial package."
While this development is notable, it's important to remember that a single news item won't significantly strengthen the Eurozone. Sustained economic growth requires time and substantial effort. Moreover, it's unclear whether this news represents a final breakthrough or merely an agreement to continue discussions.
The price tested a strong resistance zone near 1.0910. Given ongoing speculation around US tariffs and the market's anticipation of further comments from Trump, there's a high likelihood that the EURUSD could decline again
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis..
Today, the EURUSD saw an uptick due to news from Germany:
"Germany's CDU, SPD have agreed on a solution with Greens on financial package."
While this development is notable, it's important to remember that a single news item won't significantly strengthen the Eurozone. Sustained economic growth requires time and substantial effort. Moreover, it's unclear whether this news represents a final breakthrough or merely an agreement to continue discussions.
The price tested a strong resistance zone near 1.0910. Given ongoing speculation around US tariffs and the market's anticipation of further comments from Trump, there's a high likelihood that the EURUSD could decline again
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis..
Trade closed: target reached
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.