EUR/USD strengthens above 1.1950 amid US trade policy uncertainty, Fed independence concerns

💡 DMK Insight

The EUR/USD pair’s rise to near 1.1965 signals shifting sentiment amid US trade policy uncertainty. Traders should note that the current environment is heavily influenced by the unpredictability of US trade policies and ongoing debates about the Fed’s independence. These factors are creating volatility in the USD, making it more susceptible to shifts in sentiment. If the EUR/USD breaks above 1.2000, it could trigger further buying, while a failure to hold above 1.1950 might lead to a pullback. Keep an eye on upcoming economic data releases from both the US and Eurozone, as these could provide additional catalysts for movement. On the flip side, if the USD finds strength due to unexpected positive news or Fed comments, we could see a rapid reversal. Traders should monitor the 1.1950 support level closely, as a breach could signal a deeper correction. Overall, the next few sessions will be crucial for determining whether this bullish momentum can be sustained.