EUR/USD Steadies amid U.S.–China Tariff Uncertainty
EUR/USD hovered around 1.1620 in Asian trading on Monday after a 0.5% gain, supported by a weaker dollar amid ongoing U.S.–China trade tensions and the extended government shutdown. Trump’s 100% tariff threat and China’s vow to retaliate added uncertainty, while delayed federal paychecks pressured the greenback. The euro found support from easing political tensions in France and ECB minutes that reaffirmed confidence in reaching the 2% inflation goal.
Technically, 1.1580 is the key support, while resistance is seen at 1.1650.
| R1: 1.1650 | S1: 1.1580 |
|---|---|
| R2: 1.1720 | S2: 1.1500 |
| R3: 1.1760 | S3: 1.1410 |