The trump coin launching priceEUR/USD pair experienced moderate selling pressure during Tuesday's Asian trading session, dipping toward the 1.0375 level. This movement reflects shifting market expectations regarding ECB monetary policy and ongoing uncertainty in global trade relations.
Upside Targets:
1. Immediate resistance at 1.1400 psychological level
2. Secondary resistance at April 22 high of 1.1547
3. Upper Bollinger Band boundary at 1.1648
Downside Supports:
1. Initial support at April 24 low of 1.1315
2. Psychological support at 1.1000 round number
3. Strong confluence zone at 1.0830 (100-day EMA + lower Bollinger Band)
Several macroeconomic factors continue to shape EUR/USD price action:
Traders should monitor these key developments while maintaining awareness of technical levels. The current setup suggests potential for both continuation patterns and corrective moves, requiring careful risk management approaches.