EUR/USD technical and fundamental analysis for next 2 days.EUR/USDIG:EURUSDSully-XHello Traders, This whole analysis is based on 1 hour time frame. Indicators used for technical analysis: EMA RSI VWAP anchor Volume Profile Fibonacci retracement and extension In 1 hour time frame price is forming an ascending triangle which is likely to break out as EMA, and vwap are signalling bullish momentum. If price breaks resistance at $1.17832 its likely to go up till $1.18100. RSI is in the middle so it has ample room to move in both directions, So if trend line support breaks the price might move downwards to the support level at &1.17628 but the probability of this is very low. Volume profile is highlighting the current price with the most volume so it makes it a critical point for movement in any direction. Fundamental Analysis: The Fed (US Central Bank) is getting soft: On July 9th, we'll see notes from their last meeting. They're expected to sound pretty dovish, which just means they're worried about the US economy and might cut interest rates soon. Trump's Tariffs are back (July 9th deadline): If he puts new taxes on imported goods, it makes global trade messy and creates a lot of worry about the US economy. When people worry about the US, they tend to sell US Dollars. The Dollar is already weak & It's already been losing strength. Because the US Dollar is set to get a lot weaker from those big events on July 9th, and the Euro is holding steady, the EUR/USD is very likely to tilt UP. Remember trading is a game of probability and this analysis could go wrong but technical and fundamental analysis are suggesting strong bullish movement.