The euro/dollar exchange rate rose slightly to around 1.1320 during the European trading session, rebounding approximately 0.5% from the previous week's low of 1.126*. The US Dollar Index (DXY) declined simultaneously to 99.80, but still remains within the recent oscillation range.
1.1300 has become a key short - term support level. If it is broken, the exchange rate may decline to 1.12 or 1.11. The resistance above is in the range of 1.1450 - 1.1500.
The Trump administration's announcement of a 100% tariff on imported movies has exacerbated concerns about trade protectionism. Coupled with the market waiting for the Federal Reserve's monetary policy decision, the demand for the US dollar has been suppressed.
In the eurozone, the core HICP rose to 2.7% year - on - year in April (expected 2.5%), and the overall HICP reached 2.2% (expected 2.1%). However, the market still expects the European Central Bank (ECB) to cut interest rates by 25 basis points in June.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
1.1300 has become a key short - term support level. If it is broken, the exchange rate may decline to 1.12 or 1.11. The resistance above is in the range of 1.1450 - 1.1500.
The Trump administration's announcement of a 100% tariff on imported movies has exacerbated concerns about trade protectionism. Coupled with the market waiting for the Federal Reserve's monetary policy decision, the demand for the US dollar has been suppressed.
In the eurozone, the core HICP rose to 2.7% year - on - year in April (expected 2.5%), and the overall HICP reached 2.2% (expected 2.1%). However, the market still expects the European Central Bank (ECB) to cut interest rates by 25 basis points in June.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
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"The Golden Key to Financial Freedom"
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Join me, I'll guide you to PROFITABLE TRADING💵!
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You❗️CAN and ❗️SHOULD make money in trading!
t.me/+jqmDDXFtAyNhMjZk
"The Golden Key to Financial Freedom"
t.me/+jqmDDXFtAyNhMjZk
Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
t.me/+jqmDDXFtAyNhMjZk
"The Golden Key to Financial Freedom"
t.me/+jqmDDXFtAyNhMjZk
Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
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.