Currently, EUR/USD is trading below the resistance at 1.16800 and could drop to 1.16000 if there is no recovery. The support at 1.16000 will be crucial in determining the next trend. If this support holds, the likelihood of a recovery to 1.16800 is high.
News Impact
The speech by Fed Chairman Jerome Powell could have a significant impact on monetary policy and affect the USD, increasing the chances of EUR/USD dropping. Meanwhile, peace talks between Russia and Ukraine could boost the euro if the situation improves.
Forecast
EUR/USD may experience a short-term decline, but there is still a chance for recovery if the support at 1.15998 holds.
News Impact
The speech by Fed Chairman Jerome Powell could have a significant impact on monetary policy and affect the USD, increasing the chances of EUR/USD dropping. Meanwhile, peace talks between Russia and Ukraine could boost the euro if the situation improves.
Forecast
EUR/USD may experience a short-term decline, but there is still a chance for recovery if the support at 1.15998 holds.
Trade active
Trade closed: target reached
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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.