FX.co ★ berta.hill | EUR/USD

The situation with the pair EURUSD remains interesting, but not simple, as there are no clear immediate targets for me anymore, although the short initiative remains. On the other hand, the continuing upward movement is still dominant, as clearly seen on the daily charts. However, yesterday there was a setback. Trump is stirring things up again by backing down on tariffs against China. This has affected not only precious metals but also the dollar. Nevertheless, it is still important to see how the dollar will trade against the Americans, as there is a lot of US data today. In general, it's not easy, there are no targets. I will continue to focus on the overall short initiative, so if we climb back above 1.1480, I will only consider selling there.