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The euro serenely continued to form a sweater on the $ 1,1675, the appetite for the risk not being started by the turmoil on the customs duties that Brussels and Washington will be imposed. The European Union is waiting to know which sauce it will be eaten on the subject of American customs duties. A spokesman for the European Commission quoted by the BBC said that Brussels hoped to reach an agreement with Washington “in the coming days”.
On Tuesday, Donald Trump said he was planning to publicize his demands towards the European Union in the coming days.
“While the equity markets continue to” climb the wall of concerns “, to resume a literal translation of the Anglo-Saxon expression, the dollar seems to have taken the lead and be the real victim of this institutional stress. He closes the first semester down 11% compared to a basket of the main currencies (index Dxy), his worst performance since 1973 that cryptocurrencies to do worse this year, but after spectacular performances in 2024 “, analyzes Pierre Pincemaille, secretary general of management at DNCA Investments
Because if the appetite for the risk is not started at this stage, this trade war undermines the hegemonic role of the dollar in the world trade, in full redefinition of its DNA. “On the foreign exchange market, the trades are still net of dollars. After a drop of -13% against the euro since the start of the year, they expect the dollar to collapse in similar proportions against the Chinese Yuan, the Australian dollar and the South Korean Won. These are the three currencies that could the most benefit from the wave of distrust, The positions on the options market “, deciphers Christopher Dembik, investment strategy advisor at Pictet AM.
To follow the weekly registrations for unemployment benefits at 2:30 p.m.
At midday on the foreign exchange market, the euro was treated against $ 1,1710 approximately.
Key graphics elements
The release of the technical camisole is confirmed, coming to give more meaning to the supporting of the mobile average at 20 days (in dark blue).
The buying position on the spot can be kept as long as the oscillations are built between this trend curve and the high bollingger strips (20; 2.5).
The relative force index (RSI) is in full convergence with the courses.
Medium term
In view of the key graphic factors that we have mentioned, our opinion is positive in the medium term on Euro dollar parity (Eurusd).
Our entry point is 1,1711 USD. The course of course in our Haussier scenario is 1,2464 USD. To preserve the committed capital, we advise you to position a protection stop at 1,1459 USD.
The profitability hope of this Forex strategy is 753 pips and the risk of loss is 252 pips.
The News Bulletin 247 Council
Daily data graphics
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
