Before the tariffs were imposed, there was strong buying of the euro. From Tokyo to the European market, the euro traded in a range around 1.08. However, after reports that the EU was preparing emergency measures to support the economic sectors most affected by Trump’s tariffs, the euro rose to 1.0873.
Later, when President Trump signed the executive order regarding reciprocal tariffs, the euro rose to 1.0923. But after more details were revealed, the euro fell back to 1.0811, showing strong price movements both up and down. With the tariffs now seemingly over, it is expected that the previous euro buying and dollar selling due to the tariffs will be corrected.
Euro-Dollar Price Range Prediction: 1.0870 – 1.0730
Note: The above information does not guarantee profit. Please make your own decisions when trading.