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EURUSD:
EUR/USD paused its three-day decline and is trading near 1.0830 in Asian hours on Monday. The pair is rising as concerns about a slowdown in the US economy caused by President Donald Trump’s trade policies put pressure on the US dollar (USD).
The EUR/USD pair is also benefiting from improving risk sentiment as the White House is reviewing its tariff strategy ahead of its implementation on 2 April.
In addition, geopolitical tensions eased after talks between Ukraine and US officials in Riyadh on Sunday. Efforts to establish a ceasefire continue, with President Trump favouring an end to the three-year war. Ukrainian Defence Minister Rustem Umerov discussed measures to protect energy and critical infrastructure, and delegates from the US and Russia will hold separate talks on Monday, Bloomberg reported.
However, the euro (EUR) is struggling amid concerns that Trump’s retaliatory tariffs could significantly hamper eurozone economic growth. Last week, European Central Bank (ECB) President Christine Lagarde warned of downside risks associated with the Trump-led trade dispute, while downplaying concerns about persistently high inflation in the eurozone.
Trade recommendation: BUY 1.0840, SL 1.0760, TP 1.0960
Origin: FreshForex
