🔔🔔🔔EUR/USD news:
➡️ The EUR/USD pair is climbing on Tuesday, extending its strong rebound from Monday after U.S. President Donald Trump announced a "complete and comprehensive ceasefire" between Israel and Iran.
➡️ The two nations appear to have reached a truce after twelve days of conflict, which included a U.S. strike on key Iranian nuclear sites. While the terms of the agreement remain undisclosed and Iran launched a missile barrage in Israel earlier today, markets are reacting positively, favoring risk assets as the U.S. dollar and oil prices plunge.
➡️ Crude oil is down nearly 3% so far on Tuesday, following a steep 13% drop on Monday. The decline in oil prices is seen as a relief for the Eurozone, which is a net importer of crude, as high energy costs will further strain the region's already fragile economy through rising inflation.
Personal opinion:
➡️ EUR is still doing well today and EUR/USD will continue its upward momentum. However, this pair is overbought so there will be a slight correction before continuing the uptrend.
➡️ Analysis based on support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.1555 - 1.1565
❌SL: 1.1520| ✅TP: 1.1620
👉Sell EUR/USD 1.1680- 1.1690
❌SL: 1.1720| ✅TP: 1.1630
FM wishes you a successful trading day 💰💰💰
➡️ The EUR/USD pair is climbing on Tuesday, extending its strong rebound from Monday after U.S. President Donald Trump announced a "complete and comprehensive ceasefire" between Israel and Iran.
➡️ The two nations appear to have reached a truce after twelve days of conflict, which included a U.S. strike on key Iranian nuclear sites. While the terms of the agreement remain undisclosed and Iran launched a missile barrage in Israel earlier today, markets are reacting positively, favoring risk assets as the U.S. dollar and oil prices plunge.
➡️ Crude oil is down nearly 3% so far on Tuesday, following a steep 13% drop on Monday. The decline in oil prices is seen as a relief for the Eurozone, which is a net importer of crude, as high energy costs will further strain the region's already fragile economy through rising inflation.
Personal opinion:
➡️ EUR is still doing well today and EUR/USD will continue its upward momentum. However, this pair is overbought so there will be a slight correction before continuing the uptrend.
➡️ Analysis based on support resistance levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy EUR/USD 1.1555 - 1.1565
❌SL: 1.1520| ✅TP: 1.1620
👉Sell EUR/USD 1.1680- 1.1690
❌SL: 1.1720| ✅TP: 1.1630
FM wishes you a successful trading day 💰💰💰
Trade active
FM's plan is still quite accurate, EUS/USD has followed the original plan
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✅ 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.