EURUSD slides as fears about “powerful” tariffs grow

The noise around tariffs continues as we await the official announcement at 16:00 ET/20:00 GMT. The French Government Spokeswoman Primas said that France expects “powerful” tariffs in the range of 20-25%.

Although this might not be the catalyst, the USD caught a bid with risk assets turning lower. The EURUSD price action in the past days has been lovely for technical traders as the pair has been following almost perfectly the trendlines both on the upside and the downside.

This article was written by Giuseppe Dellamotta at www.forexlive.com.