The euro weakened to around 1.0450 as the U.S. dollar strengthened after Colombia agreed to accept immigrants under pressure from Trump’s tariff threat.
Later, concerns about a Chinese startup, DeepSeek, and its new AI model threatening U.S. companies caused U.S. stock futures to fall, leading to a weaker dollar. This helped the euro rebound to 1.0533, showing that the market is still focused on the dollar’s movement.
While the U.S. economy initially seemed strong under the Trump administration, growing concerns may lead to more dollar selling. The euro is expected to keep rising after breaking out of its downward channel, but caution is needed due to upcoming meetings of the Federal Reserve (FOMC) and the European Central Bank (ECB).
EUR/USD Forecast Range: 1.0560–1.0450
Note: The above is not a guarantee of profit. Make your own decisions when trading.