EURUSD

Trump's harsh threats of tariffs against China have increased global trade tensions, causing pullbacks in the EUR/USD pair. The threat of imposing an additional 50% tariff on China starting April 9, along with the statement that "countries will pay a significant amount in tariffs," has heightened risk appetite. This situation has created pressure on the pair towards the support levels of 1.0945 and 1.0880. Trump's stance to escalate the trade war may increase uncertainty in global trade, triggering a short-term downward trend in the EUR/USD pair and potentially testing the lower boundary of the 1.0700-1.1050 range. While expectations for continued selling pressure are high, Trump's moves in the trade war will continue to play a decisive role in the pair's trajectory.