EURUSD hits new 2025 high as Trump delays tariffs
EURUSD has just reached a fresh 2025 high as the Trump administration holds off on implementing tariffs from day one. Instead, they are conducting investigations to determine which countries to target. Mexico and Canada are in the crosshairs, with universal tariffs set to take effect on February 1. The EU is also being scrutinized, and last night Trump said: "The European Union is very, very bad to us," he said, repeating comments made Monday. "So they're going to be in for tariffs. It's the only way ... you're going to get fairness."
The short-term trend for EURUSD is considered upward above 1.0316, with the price potentially targeting the December 18 high of 1.0504, followed by the highs from November 18, 19, and 20 at 1.0600. What’s your take on EURUSD?
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The short-term trend for EURUSD is considered upward above 1.0316, with the price potentially targeting the December 18 high of 1.0504, followed by the highs from November 18, 19, and 20 at 1.0600. What’s your take on EURUSD?
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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