This week, the EU is set to release key economic data, including GDP figures.
Given the recent U.S. tariff pressure, there’s a strong chance that these numbers will come in weak — weighing further on the euro.
📉 After bouncing from the 1.15 level, EURUSD entered a corrective move, but even with extended consolidation, it failed to reach the previous high — a sign of growing exhaustion.
📌 Price action suggests a lack of bullish momentum, and candles are reflecting market fatigue.
🔁 I expect the euro to enter a mid-term corrective phase, potentially heading back toward the 1.13 zone.
🎯 A short entry below 1.18 could offer a favorable risk-reward setup.
Given the recent U.S. tariff pressure, there’s a strong chance that these numbers will come in weak — weighing further on the euro.
📉 After bouncing from the 1.15 level, EURUSD entered a corrective move, but even with extended consolidation, it failed to reach the previous high — a sign of growing exhaustion.
📌 Price action suggests a lack of bullish momentum, and candles are reflecting market fatigue.
🔁 I expect the euro to enter a mid-term corrective phase, potentially heading back toward the 1.13 zone.
🎯 A short entry below 1.18 could offer a favorable risk-reward setup.
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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.
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.