No major events are expected today.

The EUR/USD pair continues to weaken for the second consecutive session, trading around 1.1360 during Asian hours on Monday. The pair remains under pressure amid a stronger U.S. dollar (USD) following signs of easing tensions between the U.S. and China.

On Friday, China exempted some U.S. import goods from 125% tariffs, according to business sources. This move fueled hopes that the prolonged trade war between the world’s two largest economies could be nearing an end.

On Sunday, U.S. Agriculture Secretary Brooke Rollins stated, as reported by Reuters, that the Trump administration is holding daily talks with China regarding tariffs. Rollins emphasized that negotiations are ongoing and that trade deals with other countries are also “very close.”

Despite these comments, Reuters on Friday quoted a Chinese embassy spokesperson firmly denying any ongoing negotiations with the U.S., stating: “China and the U.S. are not conducting any consultations or negotiations on tariffs.” The spokesperson urged Washington to “stop creating confusion.” Additionally, on Thursday, an official representative from Beijing reiterated that there are no “economic and trade negotiations” taking place and emphasized that the U.S. must “completely remove all unilateral tariff measures” to pave the way for talks.

Recommendations: SELL 1.1370, SL 1.400, TP 1.1290.