EURUSD: SELL 1.1310, SL 1.1410, TP 1.1140 | 16 April 2025

EURUSD:

EUR/USD moved mixed on Monday, touching 1.1400 and 1.1300 levels before stopping somewhere in the middle of the range. The US dollar continues to strengthen after the Trump administration once again backtracked on its tariff threats, but market sentiment remains sluggish as investor fears of continued trade tensions remain in the background.

Tuesday will see the release of a slew of European mid-level sentiment indicators, followed by US retail sales data on Wednesday. However, the key schedule item for EUR/USD this week will be the European Central Bank's (ECB) latest rate meeting on Thursday.

Markets overwhelmingly expect another quarter-point ECB rate cut this week as policymakers expect the economic impact of the Trump administration's ever-changing rate policy to intensify.

Trade recommendation: SELL 1.1310, SL 1.1410, TP 1.1140

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