Last week, President Trump extended the 50% tariffs on the EU until July 9. This helped support the euro. Also, renewed tensions between the U.S. and China caused people to sell U.S. dollars, which pushed the euro higher. On Monday, the euro continued to rise and reached the middle of the 1.14 range.
However, the EU plans to respond with its own tariffs against the U.S., which may limit how much the euro can rise. Also, if the U.S. and China hold a meeting this week and things improve, people may start buying dollars again, which could make the euro fall.
For now, the euro still has some strength and may go a bit higher, but it is likely close to its peak.
Expected EUR/USD Price Range: 1.1380 – 1.1470 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.