The main event yesterday, which somewhat confused the markets, was the agreement between the U.S. and China to return to the mutual tariffs that were in place before April 2. This means tariffs on Chinese goods will be reduced from 145% to 30%, and on American goods from 125% to 10%. The agreement will be valid for 90 days.

According to Trump, negotiations on structural issues are ongoing. As a result, the S&P 500 rose by 3.26%, the dollar index gained 1.43%, and the euro fell by 136 pips without closing the gap.

This image is no longer relevant We are not rushing to conclusions and do not believe the euro will continue to fall to the nearest target support at 1.0955 unless the price consolidates below the MACD line on the daily chart. For that, today must close with a bearish candle. The stock market has risen strongly since April 22, while the euro has not embraced this risk sentiment yet. We believe the time has come. A breakout above the 1.1110/50 range would confirm a shift in sentiment toward the euro. The next target would open at 1.1276.

On the four-hour chart, the Marlin oscillator is rising ahead of the price, which signals further price growth. Currently, the price is pressing against the lower boundary of the target range, but it needs to break through the upper boundary. Today’s ZEW Economic Sentiment Index for May could stimulate risk appetite – the forecast is -4.4 vs. -18.5 in April.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

If you have an interest in any area of Forex Trading, this is where you want to be.

Global Fx Trading Group is a world leader in providing Fx services, o individual traders, including: Unmatched funding programs, on-line education, virtual trading rooms, automation tools, robot building, and personal coaching.

The company was first established by Jeff Wecker, former member of the Chicago Board of Trade, with 28 years in the industry. Jeff has a keen understanding of the needs of Forex traders and those needs are our focus.

Please join our VIP Group while is still FREE …
https://t.me/joinchat/JqsXFBKpyj3YS4bLWzT_rg

Our mission is simple: To enhance as many lives as we can through education and empowerment.

#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom


Jeff Wecker
Jeff Wecker

Jeff Wecker, the inventor of Forex Forager, is a former member of the Chicago Board of Trade. There, Jeff learned his craft in the 30-year bond pit, trading against the world's best, and now has survived and prospered in the industry for the past 25 years. He took the unique knowledge he gained at the CBOT and transitioned it to online trading, where he traded FX, commodities, stock indices, and bonds – all using his unique 5 pip/tick risk system. Visit us at Global Fx Trading Group

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.