EURUSD Should we get some strong US data in the coming hours this may well retrace back to today’s lows. On the flipside negative data could be the catalyst to take this further up.
EURUSD GUYS MY TP IS 1:3 RR if you guys took my signal then set this tp as the market is likely to take out the liquidity above, also boost this post if you need a beautiful min 1:5 trade on EURGBP
EURUSD EUR/USD Gains Ground as Dollar Weakens The EUR/USD pair is trading near 1.0440 on Friday morning, while the Dollar Index has slipped below 108, marking a weekly decline of over 1%. This drop comes after President Donald Trump opted not to impose the aggressive tariffs widely expected following his inauguration. Speaking at the World Economic Forum, Trump called for an immediate interest rate cut, reiterated his support for low taxes on U.S.-based manufacturers, and pledged to introduce tariffs on companies producing goods overseas. Despite these remarks, the Federal Reserve is predicted to keep interest rates unchanged at its upcoming policy meeting. However, market sentiment has shifted, with expectations now leaning towards a rate cut in July and the possibility of additional cuts later in the year. The dollar has weakened, with the sharpest losses against antipodean currencies.
The first resistance level for EUR/USD stands at 1.0450, with further resistance at 1.0490 and 1.0515 if the price moves higher. On the downside, initial support is at 1.0355, followed by additional levels at 1.0270 and 1.0225.