EUR/USD: Top-Down Analysis

٢ فبراير

EUR/USD: Top-Down Analysis

In this video, I've prepared a comprehensive top-down analysis for EUR/USD, along with fundamental insights that may impact the USD in the near term.

Technical Analysis:
From a technical standpoint, EUR/USD has completed a five-wave upward movement and is currently undergoing an ABC wave correction. I'm closely monitoring for a potential bullish wave around the current market price.

Let's see how the market unfolds in the coming week.

You may watch the analysis for further details!
Thank you:)

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. This helps me cover the cost of providing regular insights.

٣ فبراير

ملاحظة

🎯In our recent analysis, EUR/USD followed the expected downward trend, plummeting nearly 150 pips and breaching our support zone.

This decline was triggered by the imposition of new tariffs by President Trump: 25% and 10% against Canada and Mexico, respectively, and additional tariffs for China.

Currently, the market remains uncertain as President Trump threatens to impose further tariffs on various countries. Despite his claims that it's not a trade war, the ongoing actions suggest otherwise, creating significant market volatility.

Both Canada and Mexico have already responded with retaliatory tariffs to safeguard their businesses. Given the aggressive nature of these trade measures, the price is unlikely to rebound quickly. If the current support zone holds today, EUR/USD could potentially start a bullish reversal. However, caution is advised.

٣ فبراير

تم فتح الصفقة

١٣ فبراير

أغلقت الصفقة: تم الوصول للهدف

EURUSD - it was a 200 pips movement from the bottom when it was activated:)