EURUSD Insight
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Key Points
- U.S. Vice President Vance and Ukrainian President Zelensky discussed a possible ceasefire in Munich, Germany. Some major news outlets report that a trilateral meeting between the U.S., Russia, and Ukraine may take place in Saudi Arabia within a few days to discuss ending the war.
- U.S. January retail sales declined by 0.9%, while core retail sales fell by 0.4%. The market is now reassessing the likelihood of a 50bp rate cut by the Federal Reserve this year.
- US President Trump announced plans for various tariffs but stated that they would be implemented with a preparation period rather than immediately, leaving room for negotiations. This provided some relief to the market.
This Week’s Key Economic Events
+ February 18: Reserve Bank of Australia interest rate decision, Canada January CPI
+ February 19: U.K. January CPI
+ February 20: FOMC meeting minutes
EURUSD Chart Analysis
Last week, EURUSD showed a strong upward trend, reaching the 1.05000 resistance level. There is a possibility of a pullback from this level, but if the resistance is broken, further gains toward 1.06000 can be expected. The next movement will depend on whether EURUSD can break through the 1.06000 level. Given the current trend, an upward move toward 1.06000 is anticipated this week.
On the downside, if EURUSD faces resistance at 1.05000 and pulls back, it could retreat to 1.03500. If the downward trend continues, a further decline to 1.00500 is possible. However, given the current market conditions, there is insufficient bearish momentum, making this scenario less likely.
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- U.S. Vice President Vance and Ukrainian President Zelensky discussed a possible ceasefire in Munich, Germany. Some major news outlets report that a trilateral meeting between the U.S., Russia, and Ukraine may take place in Saudi Arabia within a few days to discuss ending the war.
- U.S. January retail sales declined by 0.9%, while core retail sales fell by 0.4%. The market is now reassessing the likelihood of a 50bp rate cut by the Federal Reserve this year.
- US President Trump announced plans for various tariffs but stated that they would be implemented with a preparation period rather than immediately, leaving room for negotiations. This provided some relief to the market.
This Week’s Key Economic Events
+ February 18: Reserve Bank of Australia interest rate decision, Canada January CPI
+ February 19: U.K. January CPI
+ February 20: FOMC meeting minutes
EURUSD Chart Analysis
Last week, EURUSD showed a strong upward trend, reaching the 1.05000 resistance level. There is a possibility of a pullback from this level, but if the resistance is broken, further gains toward 1.06000 can be expected. The next movement will depend on whether EURUSD can break through the 1.06000 level. Given the current trend, an upward move toward 1.06000 is anticipated this week.
On the downside, if EURUSD faces resistance at 1.05000 and pulls back, it could retreat to 1.03500. If the downward trend continues, a further decline to 1.00500 is possible. However, given the current market conditions, there is insufficient bearish momentum, making this scenario less likely.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.