EUR/USD Rises as Dollar Weakens Amid Trade War Concerns
The euro climbed above $1.04 as a weaker dollar and Trump’s tariffs fueled economic concerns. China retaliated with its own levies, escalating trade tensions. Meanwhile, Eurozone business activity rebounded after two months of decline. The ECB cut rates and hinted at more easing in March, with US tariffs potentially pressuring it to loosen policy further. Investors now expect the ECB’s deposit rate to fall to 1.87% by December.
From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0350, followed by additional support levels at 1.0220 and 1.0180.
From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0350, followed by additional support levels at 1.0220 and 1.0180.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.