<Fundamental>
The Trump administration announced a 90-day tariff reprieve and reciprocal exemptions on smartphones and semiconductors. However, President Trump denied that this constitutes a tariff exemption, stressing that duties on items such as semiconductors and pharmaceuticals will be reimposed.
Amid growing concerns over the impact of US tariff hikes on Eurozone growth, market sentiment has strengthened around the prospect of further ECB rate cuts. ECB President Christine Lagarde warned that the Trump administration’s aggressive tariff policy could destabilize European financial markets.
<Technical>
EURUSD has extended its sharp uptrend, testing the upper boundary of the ascending channel. The widening gap between both EMAs indicates a continued extension of bullish momentum. If EURUSD breaks above the channel’s upper bound, the price could advance toward the resistance at 1.1475. Conversely, if EURUSD falls below the support at 1.1210, the price may decline further toward 1.1050.
The Trump administration announced a 90-day tariff reprieve and reciprocal exemptions on smartphones and semiconductors. However, President Trump denied that this constitutes a tariff exemption, stressing that duties on items such as semiconductors and pharmaceuticals will be reimposed.
Amid growing concerns over the impact of US tariff hikes on Eurozone growth, market sentiment has strengthened around the prospect of further ECB rate cuts. ECB President Christine Lagarde warned that the Trump administration’s aggressive tariff policy could destabilize European financial markets.
<Technical>
EURUSD has extended its sharp uptrend, testing the upper boundary of the ascending channel. The widening gap between both EMAs indicates a continued extension of bullish momentum. If EURUSD breaks above the channel’s upper bound, the price could advance toward the resistance at 1.1475. Conversely, if EURUSD falls below the support at 1.1210, the price may decline further toward 1.1050.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.