Fundamental Analysis

• President Trump assumes office as the 47th U.S. President, advocating “America First” policies.
• A series of executive orders are announced, but tariffs are postponed.

EURUSD Technical Analysis

Analyzing the daily EURUSD chart, the pair is surging upward. It is approaching a descending trendline, and attention is on whether it will break above.

President Trump’s key tariff policy was not implemented on his first day in office, leading to a buying spree for EUR. Resistance remains at the long-term GMMA and Ichimoku cloud, which could push prices back down.

RSI has moved above 50, suggesting a shift to an upward trend. Watch for the lagging span to potentially break above the candlesticks.

Day trading strategy (1 hour)

The 1-hour EURUSD chart shows a surge with the upper edge of the Ichimoku cloud serving as support. With no tariff announcements, there appears to be a short squeeze in EURUSD as traders cover previous shorts. As President Trump begins his term, many executive orders are expected to follow.

Although day trading is challenging, short-term buying might be an option. Consider buying on dips if RSI reaches 50. Monitor closely for updates on President Trump’s future actions.

Support/Resistance lines

Key support and resistance lines to consider:

• 1.04 USD: Psychological round number

Market Sentiment

EURUSD Sell: 51% Buy: 49%

Today’s important economic indicators

*Trading advice in this article is not provided by Milton Markets, but by Shu Fujiyasu Jr., a certified technical analyst.