The EURUSD is moving lower as renewed tariff concerns weigh on market sentiment. The President announced that tariffs on Mexico and Canada will proceed as planned, while tariffs on China will increase from 10% to 20%. Additionally, concerns over potential European tariffs are adding pressure to the euro.
The pair has now fallen toward a key support zone, defined by a cluster of critical technical levels:
This confluence of support levels may lead to a temporary pause or reversal as traders react to the technical significance of this area.
The video above provides a detailed breakdown of these levels and explains their importance in the current market context.
PS Stocks have now moved lower with the broader S&P and Nasdaq leading the way.
The S&P index is now down -15.99 points or -0.27% after trading as high as +37.63 points. The NASDAQ index is now down -150 points or -0.78% after trading as high as 167.43 points.US yields are higher but steady. The 10 year is up 3.8 basis points at 4.286%. The two year yield is now up three basis points or 4.100%
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eurusd tumbles lower on tariff fear what are the technicals in play for the eurusd now was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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