🔔🔔🔔 EUR/USD news:
➡️ The EUR/USD pair surged over 1% during Asian trading on Monday, breaking above the 1.1500 level for the first time since November 2021 as relentless selling pressure on the US Dollar (USD) continued. Mounting concerns over a potential US recession and questions about the Federal Reserve’s independence kept weighing on the greenback.
➡️ The Fed maintained its interest rate range at 4.25%-4.50%, with Chair Jerome Powell highlighting slower growth prospects, inflation risks stemming from tariffs, and the possibility of rate cuts later this year. Markets are currently pricing in roughly a one-percentage-point easing by December.
Personal opinion:
➡️ The EUR is showing signs of outperforming the USD. However, the pair is approaching overbought levels and showing signs of slowing down, so there will be an immediate pullback. However, the tariff and economic news still favors EUR
➡️ Analyze based on important resistance - support levels and Pivot points combined with RSI to come up with a suitable strategy.
Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.1470 - 1.1455
❌SL: 1.1400| ✅TP: 1.1540 – 1.1630
FM wishes you a successful trading day 💰💰💰
➡️ The EUR/USD pair surged over 1% during Asian trading on Monday, breaking above the 1.1500 level for the first time since November 2021 as relentless selling pressure on the US Dollar (USD) continued. Mounting concerns over a potential US recession and questions about the Federal Reserve’s independence kept weighing on the greenback.
➡️ The Fed maintained its interest rate range at 4.25%-4.50%, with Chair Jerome Powell highlighting slower growth prospects, inflation risks stemming from tariffs, and the possibility of rate cuts later this year. Markets are currently pricing in roughly a one-percentage-point easing by December.
Personal opinion:
➡️ The EUR is showing signs of outperforming the USD. However, the pair is approaching overbought levels and showing signs of slowing down, so there will be an immediate pullback. However, the tariff and economic news still favors EUR
➡️ Analyze based on important resistance - support levels and Pivot points combined with RSI to come up with a suitable strategy.
Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.1470 - 1.1455
❌SL: 1.1400| ✅TP: 1.1540 – 1.1630
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.