EURUSD: SELL 1.0850, SL 1.0890, TP 1.0760 | 12 Marzo 2025

An event to watch out for today:

16:00 EET. USD - JOLTs Job Openings

EURUSD:

EUR/USD strengthened for the third consecutive session, trading near 1.0860 during Asian hours on Tuesday. US President Donald Trump characterized the economy as being in a “transition period”, hinting at a possible slowdown. Investors took his remarks as an early signal of possible economic turmoil in the near future.

Fed Chairman Jerome Powell assured markets that the central bank sees no immediate need to adjust monetary policy despite growing uncertainty. San Francisco Fed President Mary Daly supported this view, noting that rising business uncertainty may reduce demand but is not a reason to change the interest rate.

U.S. Commerce Secretary Howard Lutnick said Sunday that the 25 percent tariffs imposed by President Donald Trump in February on imports from top overseas suppliers such as Canada and Mexico, which were set to take effect Wednesday, are unlikely to be delayed, Bloomberg reported. While U.S. steelmakers have urged Trump to keep the tariffs in place, businesses that depend on those materials could face higher costs.

Trading recommendation: SELL 1.0850, SL 1.0890, TP 1.0760

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