EURUSD: BUY 1.0500, SL 1.0460, TP 1.0590 | 27 February 2025

EURUSD:

The EUR/USD exchange rate rose on Tuesday, surpassing 1.0500, while the USD/JPY exchange rate remained stable. US consumer sentiment fell in February, potentially impacting economic growth. Additionally, President Donald Trump reiterated his plans to impose high import taxes on US citizens, potentially leading to a trade war with the US's closest trading partners.

Despite this decline, the cable demonstrated resilience on Tuesday. The market remains optimistic that Trump may find a last-minute excuse to delay his tariff threats, despite his continued manoeuvres in the trade war.

Wednesday's schedule is expected to be light on economic data from the US and the EU, with the focus on Thursday's release of US gross domestic product (GDP) data. The week will conclude with the release of updated US Personal Consumption Expenditure (PCE) inflation data on Friday, a crucial report that investors believe will show whether the recent jump in the core Consumer Price Index (CPI) will affect core inflation figures.

Trading recommendation: BUY 1.0500, SL 1.0460, TP 1.0590

Up to $20 for each lot in real money - get a guaranteed income by connecting Cashback promotion!