EUR/USD Faces Pressure as Trade Truce Raises Demand for USD
EUR/USD trades cautiously near a one-month low, around 1.1100, during European trading hours on Tuesday. This major currency pair struggles to gain momentum as the US Dollar has strengthened following an agreement between the United States and China to defuse trade tensions and reduce tariffs. Traders should be vigilant about how this agreement could impact future movements in the EUR/USD pair. The immediate focus should be on determining if the Euro can reclaim lost ground against the strongly performing US Dollar.