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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6827.42
6827.42
6827.42
6899.86
6801.80
-73.58
-1.07%
--
DJI
Dow Jones Industrial Average
48458.04
48458.04
48458.04
48886.86
48334.10
-245.98
-0.51%
--
IXIC
NASDAQ Composite Index
23195.16
23195.16
23195.16
23554.89
23094.51
-398.69
-1.69%
--
USDX
US Dollar Index
97.850
97.930
97.850
98.070
97.810
-0.100
-0.10%
--
EURUSD
Euro / US Dollar
1.17541
1.17548
1.17541
1.17596
1.17262
+0.00147
+ 0.13%
--
GBPUSD
Pound Sterling / US Dollar
1.33921
1.33932
1.33921
1.33961
1.33546
+0.00214
+ 0.16%
--
XAUUSD
Gold / US Dollar
4341.67
4342.01
4341.67
4350.16
4294.68
+42.28
+ 0.98%
--
WTI
Light Sweet Crude Oil
56.888
56.918
56.888
57.601
56.878
-0.345
-0.60%
--

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Federal Reserve Board Governor Milan delivered a speech
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          EUR/USD Drops to 1.0430: Will the Downtrend Continue?

          Adam

          Forex

          Summary:

          On January 29, 2025, the EUR/USD currency pair is trading around 1.0430, continuing its downtrend amid a stronger USD and concerns over US trade policy....

          SELL EURUSD
          Close Time
          CLOSED

          1.04210

          Entry Price

          1.04150

          TP

          1.04300

          SL

          1.17541 +0.00147 +0.13%

          6.0

          Pips

          Profit

          1.04150

          TP

          1.04144

          Exit Price

          1.04210

          Entry Price

          1.04300

          SL

          Market Overview

          The US dollar is supported by new trade policy:
          US tariff policy:
          President Donald Trump has announced plans to impose tariffs on items such as computer chips, pharmaceuticals and steel to boost domestic production, boosting the value of the dollar as investors seek safe havens.
          EUR under pressure from eurozone economic outlook:
          Mixed economic data:
          Although eurozone businesses returned to modest growth in January 2025, uncertainty about the economic outlook and concerns about US trade policy weighed on the euro.

          Market psychology

          Current market sentiment shows a preference for safe-haven assets such as the USD, while the EUR is losing its appeal due to trade policy concerns and an uncertain economic outlook.

          Technical analysis

          EUR/USD Drops to 1.0430: Will the Downtrend Continue?_1
          The EUR/USD M15 timeframe chart shows:
          Moving Average (MA): Price is below the short-term MAs, indicating a bearish trend is dominant.
          RSI Indicator: RSI is entering oversold territory, which could lead to a short-term correction before continuing the downtrend.
          Support and Resistance: The nearest support level is at 1.0400, while the important resistance level is at 1.0500.

          Trading Recommendations

          Based on the above analysis, the EUR/USD sell strategy can be considered as follows:
          Entry point: 1.04210
          Target profit: 1.04150
          Stop loss: 1.04300
          In the short term, if EUR/USD breaks the support level of 1.0400, the downtrend could resume with the next target at 1.0350. Conversely, if the resistance level of 1.0500 is broken, the pair could face increased buying pressure.
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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