Euro / U.S. Dollar
Long
Updated

US joins war, USD weakens, EUR/USD increases

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🔔🔔🔔 EUR/USD news:

➡️ EUR/USD fell toward the 1.1480 level during early Asian trading on Monday. Safe-haven flows driven by the escalating risk of conflict between Israel and Iran boosted demand for the U.S. dollar. Meanwhile, ECB policymakers have signaled a pause in interest rate hikes for July.

Personal opinion:
➡️ The US is heading towards a war with Iran, so the USD will be affected. Therefore, EUR/USD will gain momentum today.

➡️ Analysis based on support resistance levels and Fibonacci combined with trend lines and EMA to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Buy EUR/USD 1.1510 - 1.1500
❌SL: 1.1470 | ✅TP: 1.1555

FM wishes you a successful trading day 💰💰💰
Trade active
EUR/USD moves right in line with initial target
Trade closed: target reached
USD under selling pressure due to uncertainties between Trump and FED. EUR/USD dominates

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