Ahead of today’s tariff announcement, EURUSD has formed a bearish triangle pattern. Among major instruments, EURUSD has been one of the least affected by tariff expectations in recent days. However, there is a short-term risk of a downside break. If the support near 1.0780 fails, EURUSD could retreat below 1.0750 before the announcement.
In any case, traders should be prepared for sharp intraday reversals due to potential rumors and positioning ahead of Trump's statement.
In any case, traders should be prepared for sharp intraday reversals due to potential rumors and positioning ahead of Trump's statement.
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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.