🔔🔔🔔EUR/USD news:
➡️ Euro (EUR) extended its monthly retreat on Monday, with EUR/USD sliding to the 1.1070 region as the US Dollar (USD) attracted fresh and strong momentum. The move followed renewed optimism around US-China trade relations, all in response to the constructive tone from the meeting between US and Chinese officials over the weekend.
➡️ This upbeat tone was further reinforced by the announcement of a US-UK trade deal last week as well as upbeat comments from President Trump, who signaled his willingness to pursue further agreements.
Personal opinion:
➡️ EUR/USD will remain bearish in the short term, driven by the positive US-China trade talks. While it attracted some buying momentum as the pair was in oversold territory, it was not enough and will have to wait for US CPI to find any upside momentum.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
FM's personal plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1125 - 1.1135
❌SL: 1.1160 | ✅TP: 1.1075
👉Buy EUR/USD 1.1090 - 1.1100
❌SL: 1.1060 | ✅TP: 1.1150
FM wishes you a successful trading day 💰💰💰
➡️ Euro (EUR) extended its monthly retreat on Monday, with EUR/USD sliding to the 1.1070 region as the US Dollar (USD) attracted fresh and strong momentum. The move followed renewed optimism around US-China trade relations, all in response to the constructive tone from the meeting between US and Chinese officials over the weekend.
➡️ This upbeat tone was further reinforced by the announcement of a US-UK trade deal last week as well as upbeat comments from President Trump, who signaled his willingness to pursue further agreements.
Personal opinion:
➡️ EUR/USD will remain bearish in the short term, driven by the positive US-China trade talks. While it attracted some buying momentum as the pair was in oversold territory, it was not enough and will have to wait for US CPI to find any upside momentum.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
FM's personal plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1125 - 1.1135
❌SL: 1.1160 | ✅TP: 1.1075
👉Buy EUR/USD 1.1090 - 1.1100
❌SL: 1.1060 | ✅TP: 1.1150
FM wishes you a successful trading day 💰💰💰
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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.