Economic Calendar Analysis
Trump's tariffs have rattled financial markets, and EUR/USD has not been an exception.
EUR/USD hourly chart analysis
A significant increase in volatility and uncertainty may create substantial trading opportunities in the FX pair in the short to near term. The resistance at 1.11000 could be tested if weakness in the dollar persists. On the other hand, lower levels of volatility could bring the currency pair toward the 1.0800 support level.Hourly Chart
EUR/USD daily chart's review
The resistance level at 1.06100 has been breached, signaling a potential shift in market sentiment toward further bullish momentum. This breakout suggests that the price could continue its upward trajectory in the near term, with the next significant target being 1.12000. Traders and analysts will likely be monitoring this level closely, as it could indicate continued strength in the market and potentially lead to further gains if buying pressure persists. If 1.12000 is reached.Daily chart
Read More: Technical Analysis
Traders sentiment is bearish
Bearishness increases, as fewer than 33% of trades are on the long side.