On Tuesday, February 24, the euro is holding near 1.177–1.179 against the dollar amid uncertainty around U.S. trade policy. After the Supreme Court ruling on tariffs and new statements from Washington, the market is reassessing the risk of broader duties and weaker global trade, which limits the dollar’s upside.
At the same time, the dollar continues to find support from the inflation backdrop: U.S. price growth remains elevated, and the Federal Reserve is not expected to rush into rate cuts. Today’s remarks from Fed officials and consumer confidence data matter—softer demand signals could increase pressure on the dollar and support the euro.
In the euro area, the European Central Bank is maintaining a wait-and-see stance, viewing current rates as appropriate and inflation as close to target, so sharp moves are not expected. Another factor is EU–U.S. trade dialogue: the pause in progress adds nervousness, but the short-term focus is on U.S. data and Fed messaging. Volatility may increase during the session.
Trade recommendation: BUY 1.17800, SL 1.17500, TP 1.18700
At the same time, the dollar continues to find support from the inflation backdrop: U.S. price growth remains elevated, and the Federal Reserve is not expected to rush into rate cuts. Today’s remarks from Fed officials and consumer confidence data matter—softer demand signals could increase pressure on the dollar and support the euro.
In the euro area, the European Central Bank is maintaining a wait-and-see stance, viewing current rates as appropriate and inflation as close to target, so sharp moves are not expected. Another factor is EU–U.S. trade dialogue: the pause in progress adds nervousness, but the short-term focus is on U.S. data and Fed messaging. Volatility may increase during the session.
Trade recommendation: BUY 1.17800, SL 1.17500, TP 1.18700
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More analytical information and promotions on FreshForex website cutt.ly/LrP6j9qD
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.