The euro rose quickly last week, but yesterday, it slowed down for a price adjustment.
The EU announced countermeasures against Trump’s tariffs, and Trump responded by promising further actions. Because of this, the euro, which had risen sharply, took a short break for adjustments.
The 1.0940 level is the highest point since last November, making it a common level for traders to take profits. However, the euro’s shift from falling to rising has only just started, and buying pressure is still strong.
It may be a good strategy to buy on dips.
EUR/USD Expected Range: 1.0930 – 1.0850
Note: This information does not guarantee profits. Please make your own decisions when trading.