🔔🔔🔔EUR/USD news:
👉President Trump has imposed tariffs of 25% on North American trade partners and an additional 10% on China in response to the influx of fentanyl into the US. Speaking to reporters on Monday, he stated, “There’s no room left for Mexico or Canada,” and confirmed that the tariffs would take effect the following day.
👉In response, China has announced retaliatory tariffs on various US agricultural imports, set to take effect on March 10. The escalating trade restrictions between the US, China, and neighboring countries have fueled concerns about a global trade war, posing risks to the global economic outlook.
👉Investors anticipate that Trump’s tariff policies will contribute to inflation in the US economy, as importers are likely to pass higher costs onto consumers.
👉Meanwhile, The Euro is benefiting from Europe’s diplomatic efforts to end the three-year-long war in Ukraine, with leaders, including Ukrainian President Volodymyr Zelenskyy, working on a peace plan. Optimism over a potential truce between Russia and Ukraine has strengthened the Euro’s appeal, as it is expected to restore stability in the Eurozone’s supply chain.
Personal opinion:
👉EUR/USD continues to rise today as news about the trade war makes investors worried
👉Technically, RSI (1H) is entering the extreme zone, need to consider the possibility of a reversal
Analysis:
👉Based on important resistance - support levels and Fibonacci levels combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.0460 – 1.0480
❌SL: 1.0425 | ✅TP: 1.0520 – 1.0550 – 1.0600
FM wishes you a successful trading day 💰💰💰
👉President Trump has imposed tariffs of 25% on North American trade partners and an additional 10% on China in response to the influx of fentanyl into the US. Speaking to reporters on Monday, he stated, “There’s no room left for Mexico or Canada,” and confirmed that the tariffs would take effect the following day.
👉In response, China has announced retaliatory tariffs on various US agricultural imports, set to take effect on March 10. The escalating trade restrictions between the US, China, and neighboring countries have fueled concerns about a global trade war, posing risks to the global economic outlook.
👉Investors anticipate that Trump’s tariff policies will contribute to inflation in the US economy, as importers are likely to pass higher costs onto consumers.
👉Meanwhile, The Euro is benefiting from Europe’s diplomatic efforts to end the three-year-long war in Ukraine, with leaders, including Ukrainian President Volodymyr Zelenskyy, working on a peace plan. Optimism over a potential truce between Russia and Ukraine has strengthened the Euro’s appeal, as it is expected to restore stability in the Eurozone’s supply chain.
Personal opinion:
👉EUR/USD continues to rise today as news about the trade war makes investors worried
👉Technically, RSI (1H) is entering the extreme zone, need to consider the possibility of a reversal
Analysis:
👉Based on important resistance - support levels and Fibonacci levels combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.0460 – 1.0480
❌SL: 1.0425 | ✅TP: 1.0520 – 1.0550 – 1.0600
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
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.