After Germany’s election, lower German interest rates caused the euro to fall from 1.0524 to 1.0475 in the Tokyo market. Later, selling pressure on the U.S. dollar helped the euro rise to 1.0520. However, right after President Trump announced a 25% tariff on the EU, the euro dropped again to 1.0481, showing strong ups and downs.
The euro could not break above 1.0530, which became a strong resistance level. With tariffs and the Ukraine issue adding pressure on Europe, the euro remains weak. However, if concerns about the U.S. economy grow and U.S. interest rates fall further, the euro might break above 1.0530. If this happens, the price could rise to around 1.06.
Expected EUR/USD Price Range: 1.0530 – 1.0430
Note: The above information does not guarantee profits. Make your own decisions when trading.