EURUSDEuro / US Dollar
1.1678
-0.49%
SUPPORT:1.16531.1589
RESISTANCE:1.1781.1844
Past
What happened
EUR/USD slipped 19 pips to 1.1716 as the dollar steadied ahead of the Trump-Xi Beijing summit, trimming Monday's risk-on rally.
Why
Why it matters
The planned trade truce extension is keeping a floor under risk sentiment, but euro upside is capped by soft EZ industrial data and Warsh's hawkish confirmation as new Fed chair.
Watch
What to watch
Trump-Xi outcomes dominate — any concrete tariff rollback language sends EUR toward 1.1780; a breakdown reopens 1.1650.
Past
What happened
EUR/USD slid 57 pips to 1.1678 as the dollar bid returned post-data; the Trump-Xi summit headlines failed to lift the euro despite Beijing's softening tone.
Why
Why it matters
Rate differential dominates intraday — US 10Y holding at 4.45% versus a softer EZ rate path keeps the euro on the back foot, and Warsh's confirmation removed any lingering Fed dovishness.
Watch
What to watch
If 1.1650 cracks, the next bid sits at 1.1610; a constructive Trump-Xi tone can still snap EUR back to 1.1740 into the European close.
HEADLINES