• EUR/USD faces pressure during the recovery of 1.1000, when investors are waiting for a meeting of the euro -zone finance ministers to discuss the funds against Trump’s tariffs.
• Trump threatened to impose an additional 50% of China tariffs for accepting remedies against mutual fees announced last week.
• The Fed will almost certainly reduce interest rates in June.

EUR/USD He trades higher at Tuesday’s European trade session, but tries to recover the psychological number of 11000. The main currency pair, in order to get a greater advantage, because the perspective of the euro (EUR) is uncertain, and investors are increasingly afraid that counteracting the European Union (EU) in the face of Donald Trump’s mutual tariffs may lead to a trade war between regions on opposite sides of the Atlantic.

Finance ministers from all euro zone countries are to meet on Friday in Warsaw to discuss funds containing the likely consequences of tariffs imposed by the USA. Before the meeting, the Minister of Finance Poland Andrzej Domański said: “Distinguished supply chains and rising costs for companies will affect growth indicators and European currencies.” He added that such a scenario will have “negative social consequences” and “rising prices for consumers”, leaving citizens more sensitive, they inform Reuters.

On Monday, the Commissioner for Trade of the European Union, Maroš Šefčovič also stated that our continent offered an American “zero tariff” for “cars and all industrial goods”. Investors recognized this positive statement for the euro for a cooperation agreement, it would be prosperous for the euro area.

In addition, the escalational plant of the European Central Bank (EBC) also has emphasized the euro. Some ECB officials, including the Governor of the Italian Bank, Piero Cipollone, Governor of the French Bank François Villeroy de Galhau and Governor Bank of Greek Yannis Stinaras, all supported further alleviation of politics. Stinaras said last week that the American tariffs would not be a “obstacle in April of the rate reduction” because the inflation path remains “unchanged”. He managed that the American tariffs would “negatively” affect the gross domestic product growth rate (GDP) with “0.3%-0.4%” in the first year.

In European commercial hours Stunnaras said that monetary policy must be less “restrictive in 2025”. He warned, however, that the augment in inflation could “delay the normalization of monetary policy.”

Daily Digest Market Movers: EUR/USD profits as the cost of an American dollar

• EUR/USD profits at the expense of the US dollar (USD). . American dollar index (DXY), which follows the Greenback value compared to the six main currencies, moves to a close 103.00. Greenback is under pressure after mutual tariff announcement by the President of the United States (USA) Donald Trump last week. On Wednesday, he fit novel fees in addition to 10% of the universal base line, trying to repair trade balance disorders and “make America again.”
• Participants of the financial market expect that the novel set of Trump tariffs and the likely remedies of American trading partners can lead to economic recession. On Monday, Trump threatened the augment in import duties in China by 50% if the country does not withdraw a retaliation response of 34% of mutual tariffs to American goods announced last Friday and will enter into force on Thursday.
• Earlier on the same day, a spokesman for the Chinese Ministry of Trade warned that the novel tariff threats of the US president were “a mistake in addition to error,” and China “fight to the end” to protect their interest.
• This also led to that traders are raising plants supporting the reduction of interest rates by Federal reserve (Fed) at the June political meeting. According to the CME Fedwatch tool, traders are convinced that the central bank will reduce the key rates of taking loans in June.
• Going further, investors will focus on the USA Consumer price indicator (CPI) and manufacturers’ data (PPI) in March, which will be published on Thursday and Friday, respectively.

Technical analysis: EUR/USD is fighting for recovery 1,1000

EUR/USD tries to break above 1.1000 in European commercial hours on Tuesday. The main currency pair affected the 10-day interpretation of the movable medium (EMA) on Monday, which trades around 1.0883.

The 14-day relative strength (RSI) indicator maintains the level of 60.00, which suggests that the stubborn shoot is intact.

Looking down, the highest level of March 31 1.0850 will act as the main support zone for the couple. And vice versa, the highest level of September 25 1.1214 will be a key barrier to the euro bulls.