EURUSD slips to 1.1765 on trade war concerns. Still bullish above the 100-day EMA with RSI at 68. Resistance: 1.1830 → 1.1875 → 1.1975 Support: 1.1717 → 1.1631 → 1.1453
EURUSD EUR/USD edges lower to around 1.1765 during the early European session on Monday. The renewed concerns about a global trade war and tariff uncertainty weigh on the shared currency. US Treasury Secretary Bessent said on Sunday that Trump will send letters to some trading partners, warning that tariffs could revert to April 2 levels on August 1.
EURUSD On the downside, 1.1760 (mid-point of the ascending channel) aligns as the immediate support before 1.1725 (50-period SMA) and 1.1650 (lower limit of the ascending channel). Looking north, resistance levels could be spotted at 1.1800 (static level, round level) and 1.1860 (upper limit of the ascending channel).
EURUSD The Relative Strength Index (RSI) indicator on the 4-hour chart moves sideways slightly above 50, while EUR/USD fluctuates between the 20-period and the 50-period Simple Moving Averages (SMA), reflecting a lack of directional momentum.
EURUSD it must be exhausting to try and catch these 0.05% moves instead of keeping your collateral for large scalable opportunities where you will make a lot more money.