The EUR/USD pair edges lower to around 1.1765 during the early European session on Monday. The renewed concerns about a global trade war and tariff uncertainty weigh on the shared currency. US Treasury Secretary Bessent said on Sunday that Trump will send letters to some trading partners, warning that tariffs could revert to April 2 levels on August 1 if no progress is made on a trade deal.
Technically, the constructive outlook of EUR/USD remains in place as the major pair is well-supported above the key 100-day Exponential Moving Average (EMA) on the daily chart. The upward momentum is reinforced by the Relative Strength Index (RSI), which stands above the midline near 68.15, displaying bullish momentum in the near term.
On the bright side, the first upside barrier emerges at 1.1830, the high of July 1. A decisive break above this level could pick up more momentum and aim for 1.1875, the upper boundary of the Bollinger Band. Further north, the next resistance level is seen at 1.1975, the high of June 25, 2021.
Technically, the constructive outlook of EUR/USD remains in place as the major pair is well-supported above the key 100-day Exponential Moving Average (EMA) on the daily chart. The upward momentum is reinforced by the Relative Strength Index (RSI), which stands above the midline near 68.15, displaying bullish momentum in the near term.
On the bright side, the first upside barrier emerges at 1.1830, the high of July 1. A decisive break above this level could pick up more momentum and aim for 1.1875, the upper boundary of the Bollinger Band. Further north, the next resistance level is seen at 1.1975, the high of June 25, 2021.
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Gold by. TP 1. And TP 2 hit. TP 3 in loading 
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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.