EURO (EUR) marked the US dollar (USD) higher and was recently seen at 1.1044 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong Note.
EU is planning retaliation on US tariffs
“Daily momentum is flat while showing rising symptoms. Consolidation is likely. Resistance at 1.1050.
“Today, EU members are expected to vote for an retaliation package targeting a diluted list of 21 billion EUR US goods (the original EUR 26 billion).
“The EU is expected to produce a larger counter-precaution package in response to the tariff on the cars and wider tariffs.
