No major events are expected today.
The EUR/USD pair has paused its three-day decline and is trading around 1.0830 during Asian hours on Monday. The pair is rising as concerns over a slowdown in U.S. economic growth, driven by President Donald Trump’s trade policy, weigh on the U.S. dollar (USD).
EUR/USD also benefits from improved risk sentiment as the White House reconsiders its tariff strategy ahead of the April 2 implementation.
Additionally, geopolitical tensions have eased following talks between Ukrainian and U.S. officials in Riyadh on Sunday. Efforts toward a ceasefire continue, with President Trump pushing to end the three-year war. Ukraine’s Defense Minister Rustem Umerov discussed measures to protect energy and critical infrastructure, while U.S. and Russian delegates are scheduled for separate talks on Monday, according to Bloomberg.
However, the euro (EUR) faces pressure amid concerns that Trump’s retaliatory tariffs could significantly hinder eurozone economic growth. Last week, European Central Bank (ECB) President Christine Lagarde warned of downside risks related to Trump-led trade tensions, while downplaying concerns about persistently high inflation in the euro area.
Recommendation: BUY 1.0840, SL 1.0760, TP 1.0960.