• EUR/USD rises nearly 1.1145 because the US dollar has been strongly affected by the announcement of Trump tariffs.
• US President Trump announced 20% of mutual fees in the euro area.
• In von der Leyen, he swears to take revenge on retaliation if the negotiations with Washington fall.

EUR/USD It climbs to the highest level from October around 1,1145 in a Thursday session in North America and gains almost 2.5% during the day. The main pair of currencies is strengthened by surpassing the euro (EUR), despite the fact that the fears of a potential trade war between the USA and the euro area escalated later United States (USA) President Donald Trump announced 20% of mutual tariffs for the European Union (EU).

The President of the European Commission (EC) Ursula von der Leyen said that the consequences would be “tragic for millions of people around the world.” He warned that the aged continent was prepared for revenge with remedies if the negotiations with Washington ended without a robust conclusion. Von der Leyen continued to add that EC is already finalizing the “first package of remedies” in response to steel tariffs and is now preparing for further remedies to protect our “companies and interests”.

Last month, von der Leyen warned against imposing tariffs on imports up to EUR 26 billion from the USA as a remedy for the extensive 25% of fees for the import of steel and aluminum, which became effective on March 12.

Meanwhile, officials of the European Central Bank (EBC) have ruled out the expectations that tariff -based inflation may force hopes for higher interest rate reductions. In European commercial hours, the ECB decision maker and governor Bank of Greek Yannis Stinaras said that American tariffs would not be a “obstacle to the reduction of the April rate” because the inflation path remains “unchanged”. Stinaras led that American tariffs would be “Negatively affects” the gross domestic (GDP) growth rate in the euro area with “0.3%-0.4%” in the first year.

Daily Digest Market Movers: Rallies EUR/USD Among the weakness of the American dollar

• The main drive behind the pure force in Parie EUR/USD is the falling American dollar (USD), which accepts a ball for a long -term transition in the American economy. The American dollar indicator (DXY), which assesses the Greenback value compared to the six main currencies, Nosedives to nearly 101.30, the lowest level observed for six months.
• On Wednesday, the chairman of the US Economic Advisors Council, Stephen Miran, agreed that the tariffs announced by the US President Donald Trump can lead to low -term unevenness in the economy, but will be beneficial to long -term prospects. His comments appeared after Trump presented planned mutual tariffs. Trump announced a 10% basic obligation on all imports to the USA and additional specific fees on most of its trade allies. Some leaders from targeted nations threatened revenge with remedies.
• Market participants expect that Trump’s tariffs will lead to a global economic slowdown, including in the USA. Experts believe that novel import duties are higher than expected and are enough to send the US economy to recession. Such a scenario tracks the way to staglation, assuming that higher fees will be suppressed by the efforts made by Federal reserve (Fed) to conclude sticky inflationary pressure. This will complicate the Fed task of maintaining inflation near 2% of the purpose with full employment.
• Going further, investors will focus on the USA Non -Farmy payroll (NFP) Data until March, which will be issued on Friday. Official employment data will affect market expectations regarding the Fed monetary policy prospect. On Wednesday, ADP data showed that the private sector added 155,000 in March. Fresh employees, much higher than the expectations of 105,000 And previous edition 84K.
• In Thursday’s session, investors will pay special attention to the data S&P Global and ISM Services Durvaching Managers Index (PMI) to the march, which will be published in a North American trade situation. It is estimated that the S&P Global Services PMI is in line with the initial reading 54.3. ISM PMI is expected to be 53.0 from February 53.5 from February, which suggests that the activities in the service sector have increased moderately.

Technical analysis: EUR/USD Eyes more items in the direction of 1.1200

EUR/USD Rallys to nearly 1,1150 on Thursday after the decisive turn above the previous resistance of 1.0955, trading at levels that were not perceptible from the beginning of October. Short perspectives From the main pair of currencies, it became extremely stubborn, because the 20-day interpretation average (EMA) resumes its traveling journey, trading around 1.0800.

The 14-day relative strength indicator (RSI) jumps around 70.00 after cooling down to almost 60.00, which suggests that the stubborn rush will resume.

Looking down, the resistance zone in mid -March around 1.0955 is the first support and then the highest level of March 31 1.0850. And vice versa, the highest level of September 25 1.1214 will be a key barrier to the euro bulls.