In the Tokyo market, the euro dropped from 1.1295 to 1.1211 after the U.S. International Trade Court ordered a stop to Trump’s tariffs. However, because many people think the tariffs will continue, the euro went back up close to 1.13.
In the New York market, the U.S. dollar fell after weak U.S. economic data. The euro then rose to 1.1384 as the high court delayed a decision on the case, and some believe President Trump still has other powers to continue tariffs.
Looking ahead, the legal fight will likely continue, but many think the tariffs will stay. This may help the euro stay strong.
Expected EUR/USD Range: 1.1280 – 1.1400
Note: The above is not a guarantee of profit. Please make your own decisions when trading.