EUR/USD PRICE FORECAST: DECENT SUPPORT SEEN AROUND 1.0400
EUR/USD PRICE FORECAST: DECENT SUPPORT SEEN AROUND 1.0400
EUR/USD reversed three consecutive days of losses and climbed to 1.0480.
The US Dollar lost momentum as investors reacted to tariff news.
Market focus now shifts to Friday's flash PMIs.
Renewed selling pressure on the US Dollar sent the DXY below 107.00.
This helped EUR/USD rise to two-day highs in the 1.0480-1.0490 range.
The US tariff narrative and ongoing US-Russia negotiations on the Russia-Ukraine war contributed to the US Dollar's weakness.
