Technical Analysis, Price Action & Key Levels:
- Current Price: Trading near 1.0468-1.0447, consolidating after testing the critical resistance (1.0458) & The pair recently breached the (1.0436) a critical resistance turned support level
Resistance Levels:
- 1.0458, 1.0490, 1.0500:
- 1.0532, 1.0575, 1.0600, 1.0624: Major hurdle.
- Targeting 1.0575, 1.0624 if 1.0458 is breached decisively.
- 1.0667, 1.0762 (long-term reversal targets if bullish momentum strengthens)
Support Levels:
- 1.0442, 1.0436, 1.0397, 1.0378, 1.0365, 1.0355, 1.0350: Immediate supports.
- 1.0300, 1.0290, 1.0270: Critical zone.
Geopolitical and Trade Risks
- US Tariffs: President Trump’s threats of reciprocal tariffs (e.g., 25% on EU steel/aluminum) and delays in implementation have injected volatility. While temporary tariff pauses supported EUR/USD’s recent rally to 1.0450–1.0460, renewed tensions could reignite USD strength.
- Ukraine Peace Talks: Optimism around peace negotiations briefly lifted the euro, but analysts warn that a resolution could disproportionately benefit the USD, as the U.S. emerges geopolitically stronger.
Stop Procrastinating
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