EUR/USD Bulls Maintain Control Above 1.0900 Amidst USD Weakness
EUR/USD Bulls Maintain Control Above 1.0900 Amidst USD Weakness
The EUR/USD pair is trading around 1.0975, marking a fresh daily high during the Asian session on Tuesday.
This movement follows a two-day losing streak.
The 200-period Exponential Moving Average (EMA) on the 4-hour chart is positioned near the 1.0900 mark, providing a critical support level.
The RSI has surged beyond 83, indicating an overbought market and a strengthening uptrend.
Renewed selling pressure on the U.S. Dollar (USD) is attributed to market reactions to President Donald Trump's recent tariff announcements, which have introduced uncertainty and volatility, dampening the dollar's appeal.
The launch of a €500 billion investment fund by Germany's new Chancellor, Friedrich Merz, aims to rejuvenate the German economy, leading to a significant appreciation of the euro.
