EUR/USD Signal Today 26/05: Euro Rises (Chart)

(MENAFN- Daily Forex) Bullish viewBuy the EUR/USD pair and set a take-profit at 1572 a stop-loss at 1200: 1-2 days viewSell the EUR/USD pair and set a take-profit at 1200 a stop-loss at 1572 EUR/USD exchange rate rose even after Donald Trump threatened additional tariffs on all European goods entering the US. It jumped to a high of 1.1365, its highest swing since May 7, and 2.73% from its lowest level this month. Top Forex Brokers 1 Get Started 74% of retail CFD accounts lose money Read Review BrokerGeoLists({ type: \u0027MobileTopBrokers\u0027, id: \u0027mobile-top-5\u0027, size: SidebarBrokerListAmount, getStartedText: \u0060Get Started\u0060, readReviewText: \u0060Read Review\u0060, Logo: \u0027broker_carrousel_i\u0027, Button: \u0027broker_carrousel_n\u0027, });Trade and key economic data aheadThe EUR/USD pair continued its recovery after Trump threatened that he would impose a 50% tariff on goods coming from the European Union to the United States starting from July, 7.Such a move would escalate the already worsening trade relations between the two regions, which handle goods and services worth over $1.6 trillion a year accuses the EU of having unfair tariff and non-tariff barrier on US goods. He cites the large lawsuits that the block places on American companies like Apple, Google, and Facebook also points to the value-added tax (VAT) even though that contentious sales tax is applied to products from all countries, including local locals EU has already come up with a package to retaliate on US tariffs. Its retaliations will focus on industries like agricultural and manufacturing, including tariffs on Boeing. Ryanair, Boeing\u0026rsquo;s biggest customer has warned that it would cancel its $33 billion order if the tariffs on Boeing go in place EUR/USD pair rose because market participants hope that Trump is using the threat of tariffs as a negotiation tactic will be several important data points to watch this week. The Eurostat will publish the latest industrial and consumer confidence from Europe. On the same day, the Conference Board will publish its confidence report from the United States other top catalyst will be the FOMC minutes on Wednesday, the second reading of the US GDP data on Thursday, and the personal consumption expenditure (PCE) report on Friday. EURUSD Chart by TradingView EUR/USD technical analysisThe daily chart shows that the EUR/USD pair bottomed at 1.1067 and then resumed the uptrend to 1.1365. It has moved above the 50-day and 25-day Exponential Moving Averages (EMA).The pair has rebounded because it has been forming a cup-and-handle pattern, a popular bullish reversal pattern. It is now forming the handle section. Also, the Relative Strength Index (RSI) and Stochastic Oscillator have continue rising, a sign of growing momentum, the pair will likely continue rising as bulls target the next key resistance level at 1.1572, the highest swing this month.

MENAFN26052025000131011023ID1109596585