The EUR/USD pair is declining towards the 1.0400 level due to renewed anxieties about US tariffs. Investors are cautiously awaiting announcements from both the Federal Reserve and the European Central Bank, which will be released this week. The US Dollar strengthened as President Trump expressed a desire for higher tariffs than previously proposed, fueling market risk aversion.
EUR/USD Current price: 1.0419 Renewed concerns about US tariffs undermined the market’s mood. Investors await the announcements of the Federal Reserve and the European Central Bank . EUR/USD nears the 1.0400 mark with a solid near-term bearish tone. The EUR/USD pair is in retreat mode on Tuesday, easing from the weekly peak in the 1.0530 region over 100 pips and heading into the American session, opening trading a handful of pips above the 1.0400 mark.
Still, the focus remains on Trump’s tariffs and the upcoming central banks’ meetings. The Federal Reserve will announce its decision on monetary policy on Wednesday, while the European Central Bank will do so on Thursday. EUR/USD short-term technical outlook The daily chart for the EUR/USD pair shows it could extend its slide, but the bearish case is still uncertain. The pair develops well above a flat 20 Simple Moving Average , providing support at around 1.0355.
TARIFFS US DOLLAR EUR/USD FEDERAL RESERVE EUROPEAN CENTRAL BANK
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