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It looks like there may NOT beanother tariff news opening week gap.
Meanwhile, Trump said his next focus is on car imports.
I found this in home web.
As of February 2025, the European Union (EU) imposes a 10% tariff on imported vehicles from the United States, while the U.S. applies a 2.5% tariff on European car imports. This disparity has been a point of contention in transatlantic trade relations. In response, the EU has proposed reducing its tariff on U.S. car imports to 2.5%, aligning with the U.S. rate, in an effort to ease trade tensions. 
Additionally, President Donald Trump has announced plans to impose new tariffs on countries with value-added tax (VAT) systems, arguing that these taxes act as trade barriers disadvantaging U.S. exports. This policy could significantly impact the EU, where VAT rates average around 22%. 
These developments indicate ongoing negotiations and potential changes in tariff structures affecting U.S.-EU automotive trade.
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ÂTrading Chart of the Week: EURUSD\4 Hour (scroll down for the Daily Chart)
I had my choice of charts to post as it is easy to look back in hindsight.
I picked out a EURUSD 4 hour chart, not because I trade that time frame but use it to help identify what side to trade on shorter time frame charts.
What do you notice in this chart in a week that was filled with news headlines that caused whipsaw spikes (up and down) on both sides. It wasn’t until later Thursday that upward momentum (i.e. rising red lines) took over.
The red lines are from my Amazing Trader (AT) charting algo and are like ladders, in this case, building to the upside. Only if the most recent red line that preceded a new high is broken, downside is limited and risk is still pointed up.
The strategy is explained and illustrated in the AT trading guide that comes along with a subscription. You can try to apply the same logic yourself but a lot better using AT as the pattern repeats in all time frames and with any instrument you broker has on its MT4 platform
Contact me at jay@localhost for details on a half price access.
EURUSD Daily chart, looking ahead
Pivotal level 1.05, will set the tone going forward
Key chart level: 1.0534, upsodee limited unless regained.
Not much on the downside so using shorter time frames,,,
1.0514 = double to
1.0447 (suggests using 1.0450) is pivotal … below it shifts focus ftom 1.05…. above it keeps te focus om 1.05
Many have seen me say when there is a geopolitical event or crisis, markets tend to price in the worst-case outcome and reassess later. The Trump tariff soap opera feels like a combination of the two (geopolitical event/crisis)..
After President Trump took office markets started to price in the worst-case impact of tariffs (e.g. inflation/higher bond yields/trade war, etc).
EURUSD, for example, set its low at 1.01777 on January 13 and one month later it has had an erratic recovery that has 1.05 on its radar, helped by hope for an end to the Ukraine war.
My point is if you take a step back after the frenetic headline driven whipsaw trading seen each day this week, there is some logic to the price action. The worst-case outcome does not appear will materialize
As you can see in forex, equities and bonds, markets have adjusted accordingly to reality. At a minimum, a two-way risk has been restored to what looked like might become a one-way street.
