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This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-03 19:23:21 UTC
Verified By
Rollup News
EUR/USD is currently trading around 1.1400. The RSI is neutral at 42, indicating some downward pressure. The pair is in a short-term upward channel but undergoing a correction. Key resistance levels are at 1.1411, 1.1455, and 1.1472, while support levels are at 1.1382, 1.1356, and 1.1330. A break below 1.1356 could lead to a test of 1.1330, while a break above 1.1455 could target 1.1545. Eurozone inflation has decreased, and the ECB may cut interest rates, which could negatively impact the EUR in the short term. Weak US manufacturing PMI and potential new tariffs from Trump are putting pressure on the dollar.
EUR/USD price movement and key levels
RSI indicating neutral to downward pressure
Potential ECB interest rate cut and its impact on EUR
US economic data and Trump's tariffs affecting the dollar
Price pullback from 1.1455
Risk of testing 1.1330 support if 1.1356 fails
Potential negative impact of ECB rate cut on EUR
Uncertainty due to Trump's tariffs and their effect on risk appetite