EUR/USD is struggling to hold above 1.1250 after a modest bounce from recent lows near 1.1220. On the 4-hour chart, price remains capped below the 9-period SMA, with RSI hovering near neutral at 40 and volume showing persistent selling pressure. The technical setup points to a fragile recovery that has yet to gain conviction.
This comes as Credit Agricole maintains an above-consensus bullish view on the US dollar, projecting a recovery through H2 2025 and into 2026. While structural risks—such as ongoing US-China trade tensions—continue to draw market attention, the bank sees these concerns as overstated.
President Trump’s latest comments could reinforce that view, suggesting an 80% tariff on Chinese goods could be a viable alternative to the 145% already in place. The upcoming trade talks in Switzerland will be key to near-term direction, but for now, the bias for USD strength appears intact—keeping downside pressure on EUR/USD.
This comes as Credit Agricole maintains an above-consensus bullish view on the US dollar, projecting a recovery through H2 2025 and into 2026. While structural risks—such as ongoing US-China trade tensions—continue to draw market attention, the bank sees these concerns as overstated.
President Trump’s latest comments could reinforce that view, suggesting an 80% tariff on Chinese goods could be a viable alternative to the 145% already in place. The upcoming trade talks in Switzerland will be key to near-term direction, but for now, the bias for USD strength appears intact—keeping downside pressure on EUR/USD.
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blackbull.com/en/economic-calendar/?utm_source=tradingview
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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.