Euro / U.S. DollarShort
How EUR/USD is affected by President Trump's high tariffs ?
Comment:
EUR/USD continues its downtrend. On the daily chart (D1), EUR/USD is in a long-term downtrend. Recently, the pair tried to correct higher but met strong resistance at 1.0340, after which it fell back.
On the 4-hour timeframe (H4), the downtrend is also clear. The recent upward correction stopped at the resistance at 1.0335. The trading plan on H1 favors short positions
Currently, the pair is consolidating at 1.0300. The market is waiting for the first policies of the new President D. Trump on Europe
Trump's tariff policy often creates a volatile trading environment for the EUR/USD pair. If D. Trump imposes high tariffs on European goods, the USD may benefit in the short term if investors seek safety. However, in the long run, if trade tensions cause more damage to the US economy than to Europe, the USD could weaken, creating an opportunity for the EUR to rise.
Thank you for reading my comment: "FM"
EUR/USD continues its downtrend. On the daily chart (D1), EUR/USD is in a long-term downtrend. Recently, the pair tried to correct higher but met strong resistance at 1.0340, after which it fell back.
On the 4-hour timeframe (H4), the downtrend is also clear. The recent upward correction stopped at the resistance at 1.0335. The trading plan on H1 favors short positions
Currently, the pair is consolidating at 1.0300. The market is waiting for the first policies of the new President D. Trump on Europe
Trump's tariff policy often creates a volatile trading environment for the EUR/USD pair. If D. Trump imposes high tariffs on European goods, the USD may benefit in the short term if investors seek safety. However, in the long run, if trade tensions cause more damage to the US economy than to Europe, the USD could weaken, creating an opportunity for the EUR to rise.
Thank you for reading my comment: "FM"
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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.