EUR/USD Price Forecast: Downside looks likely below 20-day EMA amid US-EU trade tensions

  • The EUR/USD pair trades with caution around 1.1670 during the Asian trading session on Monday. The major currency pair faces selling pressure as the Euro (EUR) slightly underperforms its peers, following the imposition of 30% tariffs by United States (US) President Donald Trump on imports from the European Union (EU), which will become effective from the August 1.