🔔🔔🔔EUR/USD news:
➡️ The EUR/USD pair faced downward pressure during Tuesday’s U.S. trading session following a Bloomberg report indicating that the European Union (EU) expects most of the U.S.-imposed tariffs to remain in place, as Monday’s negotiations made little progress.
➡️ However, the U.S. dollar came under renewed selling pressure, allowing the EUR/USD pair to regain upward momentum after the Wall Street Journal reported that President Donald Trump’s administration plans to use the ongoing tariff talks as leverage to push U.S. trade partners to limit their dealings with China.
Personal opinion:
➡️ EUR/USD RSI enters overbought territory and creates bearish divergence in the short term
➡️ However, the pair is still supported by a fresh sell-off in the US dollar amid persistent concerns about the US-China trade war that has not progressed.
➡️ Analysis is based on resistance - support zones and trend lines combined with EMA to come up with appropriate strategies.
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1355 -1.1365
❌SL: 1.1400| ✅TP: 1.1305 -1.1260
FM wishes you a successful trading day 💰💰💰
➡️ The EUR/USD pair faced downward pressure during Tuesday’s U.S. trading session following a Bloomberg report indicating that the European Union (EU) expects most of the U.S.-imposed tariffs to remain in place, as Monday’s negotiations made little progress.
➡️ However, the U.S. dollar came under renewed selling pressure, allowing the EUR/USD pair to regain upward momentum after the Wall Street Journal reported that President Donald Trump’s administration plans to use the ongoing tariff talks as leverage to push U.S. trade partners to limit their dealings with China.
Personal opinion:
➡️ EUR/USD RSI enters overbought territory and creates bearish divergence in the short term
➡️ However, the pair is still supported by a fresh sell-off in the US dollar amid persistent concerns about the US-China trade war that has not progressed.
➡️ Analysis is based on resistance - support zones and trend lines combined with EMA to come up with appropriate strategies.
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1355 -1.1365
❌SL: 1.1400| ✅TP: 1.1305 -1.1260
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.