The EUR/USD pair extends its downside to around 1.0305 during the early European session on Tuesday.
EUR/USD remains weak near 1.0305 in Tuesday’s early European session. The pair keeps the negative outlook below the 100-day EMA with a bearish RSI indicator. The initial support emerges at 1.0250; the first upside barrier is located at 1.0406. The Greenback strengthens after US PresidentDonald Trump moved to substantiallyraise tariffs on steel and aluminium imports and said he wouldannounce plans to impose reciprocal tariffs on other countries over the coming days.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year.
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