EURUSD: SELL 1.3520, SL 1.3620, TP 1.3320 | 13 June 2025
13 June 2025, EUR/USD
Event to pay attention to today:
15:30 EET. USD - Unemployment Claims
EURUSD:
EUR/USD extends the weekly uptrend and climbs towards the 1.1515 area or the highest level since April 22 during the Asian session on Thursday.
The US dollar (USD) is recovering a one-month bottom amid growing expectations that the Federal Reserve (Fed) will resume its rate-cutting cycle in September.
US President Donald Trump told reporters on Wednesday that he will impose unilateral tariffs and send letters to trading partners in the next week or two, saying it's a deal you can take or leave. Trump's comments add uncertainty and dampen optimism about an agreement between the U.S. and China on a plan to implement the Geneva Consensus and ease trade tensions.
On the other hand, the common currency is receiving support due to signals from the European Central Bank (ECB) that the end of the rate cut cycle is near.
Meanwhile, in the US, the Producer Price Index (PPI) and the usual weekly initial jobless claims are released. These data may affect the dollar price dynamics and the EUR/USD pair.
Trade recommendation: SELL 1.3520, SL 1.3620, TP 1.3320
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
