👉🏼 Possible scenario:
The euro (EUR) weakened on April 25 as the U.S. dollar (USD) gained strength. Upcoming inflation data from Germany and the eurozone is expected to show further cooling, raising expectations for an ECB rate cut in June.
Investors will closely watch the figures for signs of disinflation and hints on the ECB’s policy path. While April 28 has no major data releases, any developments in global trade—especially potential Chinese tariff retaliation—could spark volatility in EURUSD.
âś…Support and Resistance Levels
Now, the support level is located at 1.12725.
Resistance level is now located at 1.15750.
The euro (EUR) weakened on April 25 as the U.S. dollar (USD) gained strength. Upcoming inflation data from Germany and the eurozone is expected to show further cooling, raising expectations for an ECB rate cut in June.
Investors will closely watch the figures for signs of disinflation and hints on the ECB’s policy path. While April 28 has no major data releases, any developments in global trade—especially potential Chinese tariff retaliation—could spark volatility in EURUSD.
âś…Support and Resistance Levels
Now, the support level is located at 1.12725.
Resistance level is now located at 1.15750.
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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.
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.