EURUSD - 28 Jan - Downtrend, USD good today

28 Oca

EURUSD trend forecast January 28, 2025

EUR/USD slipped by 0.5% on Monday, falling below the 1.0500 mark and trimming recent gains as overall market risk sentiment declined. Concerns over trade conflicts resurfaced following a weekend dispute between US President Donald Trump and Colombia regarding migrant deportations. Meanwhile, newly appointed Treasury Secretary Scott Bessent swiftly endorsed the idea of imposing global tariffs shortly after his confirmation by the US Senate.

The Federal Reserve is expected to hold interest rates steady in January. However, if Chair Jerome Powell appears uncertain during his mid-week press conference, optimism for additional Fed rate cuts in 2025 may wane. Markets currently anticipate a total of 50 basis points in rate reductions this year.

moving in downtrend, break trend H1. good news for USD

/// SELL EURUSD : zone 1.04500 - 1.04600

SL: 1.04850

TP: 40 - 70 - 100pips ( 1.03600 )

Safe and profitable trading

28 Oca

İşlem aktif

Touch the price area of ​​1,04450 then the reaction decreases