EURUSD strikes decrease after testing ceiling. Trump says will tariff autos and different issues

The EURUSD examined the ceiling goal between 1.0527 and 1.05325, slightly below the 100-day shifting common at 1.05382. The excessive for the day reached 1.0528, the place sellers stepped in, accelerating momentum after President Trump introduced plans to impose a 25% tariff on EU autos and “different issues” in April.

The pair then dropped to a session low of 1.0489, simply above the 100-hour MA at 1.0486, whereas the 200-hour MA now sits at 1.04724. Earlier at this time, worth briefly dipped beneath the 100-hour MA however failed to interrupt the 200-hour MA, conserving help intact.

Wanting forward, a sustained transfer beneath each shifting averages—and finally beneath the swing space low at 1.04529 (close to yesterday’s and the prior day’s lows)—would open the door for additional promoting stress.

This text was written by Emma Wang at www.ubaidahsan.com.



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