The EUR/USD exchange rate observed a retracement to around 1.1350 today after reaching a monthly high of 1.1425 yesterday. The dollar’s strengthening comes amid encouraging signs regarding a potential trade deal between the United States and the European Union. As these discussions proceed, traders should remain vigilant for shifts in market sentiment resulting from economic developments. The progress in trade agreements can play a significant role in the future performance of this major currency pair. Awareness of these fluctuations is crucial for anyone engaged in currency trading.