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The pair of Euro / dollar currencies remained under pressure, in the upper part of the Bollinger bands, while the brutal president of the United States again draws the customs threat, by evoking 25% of rights to pay on products from the European Union. Or an alignment with the polic he wants to lead with his immediate Canadian and Mexican neighbors. “But, as often with Donald Trump, the details on the calendar where any targeted sectors are lacking in the call.” It is not clear if they are general customs duties or sectoral customs duties, because Mr. Trump has referred to ‘cars and everything else’, notes Deutsche Bank.
Pending sectoral and calendar forecasts, the trades focus on American macroeconomics, while a bad series is underway, on retail sales, consumer confidence indices, activity barometers in services. Enough to have the American 10 year olds with 4.30%reflected. It is in this context that operators will follow this Thursday afternoon at 2:30 p.m. Thursday afternoon, weekly registrations for unemployment benefits, growth for T4 2025 and orders of sustainable goods.
At midday on the foreign exchange market, the euro was treated against $ 1,0,475 approximately.
Key graphics elements
The continuous 50 -day (in orange) mobile average constitutes a solid technical and graphic barrier. In the shorter term, it is even his counterpart at 20 days (in dark blue) that officiates as a dynamic resistance. And this without the RSI oscillator positioning itself in the occurrence zone. In the immediate future, the pair of currencies traces, in the upper part of the Bollinger bands, a negative structure in harami. Once the parity is perfect, namely $ 1 for a €, an energetic buyer of protest can then be set up.
Medium term
In view of the key graphic factors that we have mentioned, our opinion is negative in the medium term on Euro dollar parity (Eurusd).
Our entry point is 1,0480 USD. The price of course in our lowering scenario is 1,0001 USD. To preserve the committed capital, we advise you to position a protection stop at 1,0611 USD.
The profitability hope of this Forex strategy is 479 pips and the risk of loss is 131 pips.
The News Bulletin 247 Council
Daily data graphics
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