Euro Steady, EU Prepares $84B Retaliation

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EUR/USD hovered near 1.1670 in Tuesday’s Asian session as markets awaited US-EU trade updates. Despite Trump’s 30% tariff announcement on EU imports, he confirmed that negotiations with Brussels are ongoing ahead of the August 1 deadline. According to Bloomberg, the EU is ready to respond with proportional tariffs targeting $84B (€72B) worth of US goods, including Boeing jets, bourbon, cars, and machinery.

Resistance for the pair is at 1.1715, while support is at 1.1645.

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