EUR/USD Trend and Trading Strategy for the Beginning of the Week

EUR/USD news:

🔆The EUR/USD pair gains positive momentum at the start of the new week, reaching a near one-month high around the 1.0525-1.0530 range during the Asian session, driven by renewed selling pressure on the US dollar (USD).

🔆Heading into the weekend, the USD struggled following weaker-than-expected economic data, including the final Michigan Confidence Index, Home Sales, and the US S&P Services PMI, which recorded its first contraction in 25 months.

🔆Additionally, the conservative party’s victory in the German election strengthens the euro, providing further support to the pair.

Personal opinion:

🔆EUR/USD will continue to increase due to positive news from the EU. And the weakness of the USD is inevitable when the uncertainties about tariffs and the instability of the US federal bureaucracy are still complicated

Technical analysis:

🔆Based on important resistance - support and Fibonacci levels combined with trend lines to come up with a reasonable strategy

Plan:

🔆Price Zone Setup:

👉Buy EUR/USD 1.050x– 1.048x
❌SL: 1.0430 | ✅TP: 1.0550– 1.0600 – 1.0650

FM wishes you a successful trading day 💰💰💰