The EUR/USD exchange rate has slipped to approximately 1.0860 during European trading hours. The retreat comes as the euro faces pressure from renewed fears over a potential trade war between the European Union and the United States.

As market sentiment evolves, traders are advised to stay vigilant. Economic developments surrounding tariffs may significantly impact the direction of this major currency pair.

Looking ahead, any announcements regarding trade negotiations could serve as catalysts for volatility in EUR/USD trading. Market participants are keeping a close eye on both EU and US policies in the coming days.