Introduction: Welcome to our daily technical analysis of the financial markets, focusing today on EUR/USD and Crude Oil. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. EUR/USD Analysis:
News Summary:
The European Union has prepared countermeasures in advance in response to the expected new round of tariffs from Trump. Although inflation data has a certain impact on the market, the data has limited impact on the European Central Bank's monetary policy because the market is more focused on Trump's upcoming tariff plan, which is expected to have a significant impact on the eurozone economy. The market expects that Trump will announce a large number of tariffs on EU trading partners because he accuses the EU of unfair trade practices against the United States.
Trend Analysis:
We can see EUR/USD fluctuated and ran below the 48 hours moving average on H4 chart. On the other hand, the MACD double line and histogram bar expand near the zero axis. The buy limit could be used, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [1.0700]
Key Resistance Levels: [1.0900]
Pivot Points [1.0760]
2. Crude Oil Analysis:
News Summary:
Crude oil prices were supported by escalating geopolitical risks after U.S. President Donald Trump said he would impose secondary tariffs of 25% to 50% on all Russian oil if Russia blocked his efforts to end the war. Trump also issued threats against Iran, including the possibility of a military strike if nuclear talks fail. These developments raised concerns about potential supply disruptions.
Trend Analysis:
We can see crude oil fall back after encountering resistance at the H4 level, but it is still running above the 48 hours moving average. In addition, the MACD double line and energy bar are shrinking above the zero axis. The sell limit could be employed, stop loss is compulsory.
Today's Key Price Levels:
Key Support Levels: [69.00]
Key Resistance Levels: [73.00]
Pivot Points [72.30]
