Market Context:
EU and the US outline next steps on tariffs: If the EU and the US reach an agreement and ease trade tensions, EURUSD may rise due to the strengthening of the EUR.
Germany's Flash PMI increased (49.9 vs 48.8 forecast), showing strength in the eurozone economy, which supports the EUR and pushes EURUSD higher.
Technical Analysis:
EURUSD is currently trading around 1.15900, with strong resistance at 1.17800 and immediate support at 1.15400. The bullish trend continues, confirmed by EMA indicators showing strong momentum.
Trading Strategy:
With the improved PMI data and positive trade forecasts, the outlook for EURUSD is bullish. Traders may look to buy EURUSD when the price pulls back to 1.15400, targeting 1.16700.
Monitor support at 1.15400. If broken, EURUSD could correct towards 1.15000. Use a stop-loss below this support level.
What are your thoughts on this trend?
EU and the US outline next steps on tariffs: If the EU and the US reach an agreement and ease trade tensions, EURUSD may rise due to the strengthening of the EUR.
Germany's Flash PMI increased (49.9 vs 48.8 forecast), showing strength in the eurozone economy, which supports the EUR and pushes EURUSD higher.
Technical Analysis:
EURUSD is currently trading around 1.15900, with strong resistance at 1.17800 and immediate support at 1.15400. The bullish trend continues, confirmed by EMA indicators showing strong momentum.
Trading Strategy:
With the improved PMI data and positive trade forecasts, the outlook for EURUSD is bullish. Traders may look to buy EURUSD when the price pulls back to 1.15400, targeting 1.16700.
Monitor support at 1.15400. If broken, EURUSD could correct towards 1.15000. Use a stop-loss below this support level.
What are your thoughts on this trend?
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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.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.