EUR/USD Pulls Back Amid Trade Deal Uncertainty
EUR/USD edged down to 1.1620 during Monday’s Asian session, after gains in the previous session, as the US Dollar stayed firm and traders remained cautious ahead of the August 1 tariff deadline.
US Commerce Secretary Howard Lutnick said the Trump administration expects to finalize trade deals with major partners in the coming weeks, calling the next two weeks “historic.” He expressed optimism about reaching an agreement with the EU but confirmed that August 1 remains a firm deadline for new tariffs.
Resistance levels for EUR/USD are set at 1.1670, followed by 1.1700, and extend up to 1.1750. On the downside, support is found at 1.1580, with additional levels at 1.1540 and 1.1500.
EUR/USD edged down to 1.1620 during Monday’s Asian session, after gains in the previous session, as the US Dollar stayed firm and traders remained cautious ahead of the August 1 tariff deadline.
US Commerce Secretary Howard Lutnick said the Trump administration expects to finalize trade deals with major partners in the coming weeks, calling the next two weeks “historic.” He expressed optimism about reaching an agreement with the EU but confirmed that August 1 remains a firm deadline for new tariffs.
Resistance levels for EUR/USD are set at 1.1670, followed by 1.1700, and extend up to 1.1750. On the downside, support is found at 1.1580, with additional levels at 1.1540 and 1.1500.
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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.