EUR/USD traded around 1.1530 on Tuesday, while the dollar index remained around 98.4, weighed down by concerns about the Federal Reserve’s independence and escalating trade tensions. President Trump called for swift rate cuts and suggested removing Fed Chair Jerome Powell, fueling worries over political influence on monetary policy. The sentiment was further impacted by stalled US-China negotiations and China’s warnings to countries aligning with Washington.
Key resistance is at 1.1550, followed by 1.1600 and 1.1680. Support lies at 1.1400, then 1.1260 and 1.1180.
Key resistance is at 1.1550, followed by 1.1600 and 1.1680. Support lies at 1.1400, then 1.1260 and 1.1180.
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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.