The EUR/USD pair trades cautiously around 1.1670 during this Monday’s Asian session. The major pair encounters mounting selling pressure as the Euro (EUR) continues to shed value against its competitors. This shift follows President Trump’s announcement of a 30 percent tariff on EU imports taking effect on August 1. As a result, market participants are analyzing the potential for further declines in the EUR/USD exchange rate. A bearish sentiment dominates as concerns over trade relations weigh heavily on investor confidence and market stability.