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💡Message Strategy
The EUR/USD exchange rate continued to rise in the European session, gradually approaching the previous high of around 1.1600. The US dollar continued to be under pressure due to the market's rising expectations for the Federal Reserve to cut interest rates this year and the increasing uncertainty surrounding the US foreign trade policy.
US President Trump recently said that he would send letters to trading partners in the next one to two weeks to notify them of unilateral new tariff measures, which once again plunged the market into a state of worry. In addition, the US CPI annual rate in May was 2.4%, lower than the expected 2.5%, which strengthened the bet that the Federal Reserve will restart the interest rate cut cycle in September.
At the same time, the relatively hawkish signal of "interest rates close to neutral levels" released by ECB President Lagarde, coupled with the market's rethinking of the role of the euro in the context of "de-dollarization", jointly supported the upward structure of the exchange rate. Currently, traders are paying close attention to the US PPI data and initial jobless claims to be released in the evening, which may have a traction on the short-term trend of the US dollar.
📊Technical aspects
Judging from the chart, the current price of EUR/USD is near the upper track of the Bollinger Band (1.1548), and the Bollinger Band is in an expanding state. The width of the Bollinger Band has widened, reflecting the increase in volatility, suggesting that there may be a possibility of a large-volume breakthrough in the future.
In terms of MACD indicator, the DIFF line continues to rise and forms a golden cross with the DEA line. Although the momentum of the bar chart is not strong, it has not turned negative, indicating that the bullish momentum is moderate; RSI is running around 64, close to the overbought area but no divergence is formed. The market momentum is bullish and the technical side is slightly bullish.
Short-term support is at 1.1500 and 1.1440; if it effectively breaks through 1.1600, the upside space may reach 1.17.
💰 Strategy Package
Long Position: 1.1450-1.1550
💡Message Strategy
The EUR/USD exchange rate continued to rise in the European session, gradually approaching the previous high of around 1.1600. The US dollar continued to be under pressure due to the market's rising expectations for the Federal Reserve to cut interest rates this year and the increasing uncertainty surrounding the US foreign trade policy.
US President Trump recently said that he would send letters to trading partners in the next one to two weeks to notify them of unilateral new tariff measures, which once again plunged the market into a state of worry. In addition, the US CPI annual rate in May was 2.4%, lower than the expected 2.5%, which strengthened the bet that the Federal Reserve will restart the interest rate cut cycle in September.
At the same time, the relatively hawkish signal of "interest rates close to neutral levels" released by ECB President Lagarde, coupled with the market's rethinking of the role of the euro in the context of "de-dollarization", jointly supported the upward structure of the exchange rate. Currently, traders are paying close attention to the US PPI data and initial jobless claims to be released in the evening, which may have a traction on the short-term trend of the US dollar.
📊Technical aspects
Judging from the chart, the current price of EUR/USD is near the upper track of the Bollinger Band (1.1548), and the Bollinger Band is in an expanding state. The width of the Bollinger Band has widened, reflecting the increase in volatility, suggesting that there may be a possibility of a large-volume breakthrough in the future.
In terms of MACD indicator, the DIFF line continues to rise and forms a golden cross with the DEA line. Although the momentum of the bar chart is not strong, it has not turned negative, indicating that the bullish momentum is moderate; RSI is running around 64, close to the overbought area but no divergence is formed. The market momentum is bullish and the technical side is slightly bullish.
Short-term support is at 1.1500 and 1.1440; if it effectively breaks through 1.1600, the upside space may reach 1.17.
💰 Strategy Package
Long Position: 1.1450-1.1550
Trade active
The recent trend of EUR/USD is rising steadily. According to the trading signals, low-long is still the main operation idea.
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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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.
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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.