🔔🔔🔔EUR/USD news:
➡️ EUR/USD extended its daily decline and traded below the 1.1400 level on Tuesday. Data from the Eurozone showed that annual HICP inflation fell to 1.9% in May from 2.2% in April, weighing on the euro. Meanwhile, a broad recovery in the U.S. dollar ahead of key U.S. employment data added further downward pressure on the pair. These inflation figures are likely to be welcomed by the European Central Bank (ECB), which is expected to deliver its eighth consecutive rate cut on Thursday, adding to the euro's weakness.
Personal opinion:
➡️ EUR/USD has broken the trend line, weak economic data is putting pressure on the pair. Therefore, the downtrend will be maintained in the short term
➡️ Analysis based on support resistance levels and RSI combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1400 - 1.1410
❌SL: 1.1450| ✅TP: 1.1345
FM wishes you a successful trading day 💰💰💰
➡️ EUR/USD extended its daily decline and traded below the 1.1400 level on Tuesday. Data from the Eurozone showed that annual HICP inflation fell to 1.9% in May from 2.2% in April, weighing on the euro. Meanwhile, a broad recovery in the U.S. dollar ahead of key U.S. employment data added further downward pressure on the pair. These inflation figures are likely to be welcomed by the European Central Bank (ECB), which is expected to deliver its eighth consecutive rate cut on Thursday, adding to the euro's weakness.
Personal opinion:
➡️ EUR/USD has broken the trend line, weak economic data is putting pressure on the pair. Therefore, the downtrend will be maintained in the short term
➡️ Analysis based on support resistance levels and RSI combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell EUR/USD 1.1400 - 1.1410
❌SL: 1.1450| ✅TP: 1.1345
FM wishes you a successful trading day 💰💰💰
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.
✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.