GBPAUD: Trump's Protectionist Policies Impacting UK Growth
GBPAUD: Concerns Over Trump's Protectionist Policies Impacting Eurozone and UK Growth
Market participants are worried that protectionist policies by President-elect Donald Trump could disrupt the growth potential of the Eurozone and the United Kingdom. The higher import tariffs by the US are expected to negatively impact all economies, with the effect being more severe on the European Union (EU). During his election campaign, Trump mentioned that the euro bloc will "pay a big price" for not buying enough American exports.
Technical Analysis:
The price has broken out from the triangle pattern, increasing the likelihood of a bearish continuation. The first support zone is near the strong structure zone at 🎯 1.93750. If the price moves down further, the second support zone is near 🎯 1.9290.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Market participants are worried that protectionist policies by President-elect Donald Trump could disrupt the growth potential of the Eurozone and the United Kingdom. The higher import tariffs by the US are expected to negatively impact all economies, with the effect being more severe on the European Union (EU). During his election campaign, Trump mentioned that the euro bloc will "pay a big price" for not buying enough American exports.
Technical Analysis:
The price has broken out from the triangle pattern, increasing the likelihood of a bearish continuation. The first support zone is near the strong structure zone at 🎯 1.93750. If the price moves down further, the second support zone is near 🎯 1.9290.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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