
EURUSD is expecting a weekly low near 1.1695 amid a quiet occasional movement The EURUSD pair is moving within an uptrend on the weekly and daily frames, and prices are currently moving within a transverse range on the four-hour frame. At the beginning of Monday, prices retreated in an attempt to reach the WFVG zone, in order to form a weekly low around the levels of 1.1695, which has obvious liquidity on the larger time frames. During the day there is no important news, so the moves are expected to be calm. It is worth noting that the most important news that the US dollar will face during the current week is the data of the US Federal Reserve minutes, which is scheduled for release on Wednesday, as it will have a noticeable impact on the movement of the US dollar and, consequently, on the EURUSD pair. July 9th.. The date that could spark a new trade war The United States has threatened to impose new tariffs on EU imports of up to 50% from July 9, as trade negotiations with the United States falter and the date of tariff escalation is approaching. President Trump has threatened to increase tariffs up to 50% on European goods if an agreement is not reached by July 9 .Although there were negotiations, until July 4, the EU could not reach an agreement even at a preliminary level, and European officials expected to temporarily postpone some fees .The EU is divided between countries that want to accept a partial deal to avoid escalation (such as Germany), and countries that tend to a stronger position and are against concessions (such as France), which complicates understanding to resolve the crisis. Liquidity levels: 1-the levels of 1.1695 are attractive levels for the current price, therefore during the day sell signals will be effective to target the aforementioned levels. 2-after prices reach the levels of 1.1695, it is expected that prices will bounce from them upwards to complete the basic uptrend. 3-if prices close with a candle a day below the specified WFVG, the bullish scenario is considered null. July 9th.. The date that could spark a new trade war The United States has threatened to impose new tariffs on EU imports of up to 50% from July 9, as trade negotiations with the United States falter and the date of tariff escalation is approaching. President Trump has threatened to increase tariffs up to 50% on European goods if an agreement is not reached by July 9 .Although there were negotiations, until July 4, the EU could not reach an agreement even at a preliminary level, and European officials expected to temporarily postpone some fees .The EU is divided between countries that want to accept a partial deal to avoid escalation (such as Germany), and countries that tend to a stronger position and are against concessions (such as France), which complicates the understanding to resolve the crisis