📊 Forex Recap: July 14–18, 2025
Hey traders, here’s a simple rundown of what shook the market this week:
🔹 Trump threatened 30% tariffs on EU & Mexico → EUR fell hard
🔹 Rumors Trump may fire Powell → USD lost momentum
🔹 U.S. Retail Sales were 🔥 (+0.6%) → short USD rebound
🔹 EUR/USD fell from 1.183 → 1.165 zone
🧠 What it means:
- The market hated uncertainty (tariffs + Powell = shaky ground)
- Good US data helped, but not enough to rescue the dollar fully
- Safe havens like Gold, Bonds, and even BTC saw a bid
📉 EUR/USD Technicals:
Support: 1.161 & 1.155
Resistance: 1.171–1.176
📅 What to Watch (July 21–25):
- Fed speakers → rate cut clues
- Tariff follow-up from EU?
- DXY hovering around 98 = key pivot
📢 Weekly recap. Easy. No fluff.
If this helped, share with your trading crew 🫡
Hey traders, here’s a simple rundown of what shook the market this week:
🔹 Trump threatened 30% tariffs on EU & Mexico → EUR fell hard
🔹 Rumors Trump may fire Powell → USD lost momentum
🔹 U.S. Retail Sales were 🔥 (+0.6%) → short USD rebound
🔹 EUR/USD fell from 1.183 → 1.165 zone
🧠 What it means:
- The market hated uncertainty (tariffs + Powell = shaky ground)
- Good US data helped, but not enough to rescue the dollar fully
- Safe havens like Gold, Bonds, and even BTC saw a bid
📉 EUR/USD Technicals:
Support: 1.161 & 1.155
Resistance: 1.171–1.176
📅 What to Watch (July 21–25):
- Fed speakers → rate cut clues
- Tariff follow-up from EU?
- DXY hovering around 98 = key pivot
📢 Weekly recap. Easy. No fluff.
If this helped, share with your trading crew 🫡
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