forexeatrading 
The EUR/USD pair continues its gradual decline, erasing its latest technical rebound and retreating to 1.0795. Merchants stay cautious as key financial and political developments loom.
Key Elements Driving the EUR/USD Motion
As we speak (2 April) marks a vital date for international markets as new US tariffs on buying and selling companions take impact. Buyers are intently anticipating President Donald Trump’s closing determination, which may escalate commerce tensions.
Earlier, Treasury Secretary Scott Bessent hinted that these tariffs may function leverage, pushing companion international locations to barter decrease duties. In the meantime, latest US financial information has added to the uncertainty:
- Manufacturing activity contracted in March (the primary decline of 2025).
- Costs elevated for the second consecutive month, reflecting tariff-driven inflationary pressures.
- Job openings declined in February, although layoffs remained low, indicating a possible cooling within the labour market.
Market focus now shifts to Wednesday’s ADP employment report and Friday’s Non-Farm Payrolls (NFP) information, which can form expectations for the Fed’s subsequent rate of interest selections.
Technical Outlook: EUR/USD
Chart Evaluation
- The pair declined to 1.0784 earlier than correcting to 1.0825
- The following probably transfer is a continued downward development in direction of 1.0695 (first goal)
- A pullback to 1.0825 (testing from beneath) could observe (second goal)
- MACD affirmation: the sign line stays beneath zero, pointing sharply downward and supporting additional bearish momentum
- The pair is forming the fifth leg of a downward wave, concentrating on 1.0695
- A brief-term decline towards 1.0715 is anticipated immediately, probably adopted by a correction to 1.0772
- Stochastic oscillator affirmation: the sign line is beneath 50 and trending downward in direction of 20, reinforcing bearish momentum
Conclusion
With commerce conflict dangers resurfacing and blended US financial indicators, the EUR/USD stays below stress. A break beneath 1.0695 may open the door for deeper declines, whereas a rebound above 1.0825 could sign short-term aid. Merchants ought to monitor US employment information and commerce coverage updates for recent directional cues.
By RoboForex Analytical Division
Disclaimer
Any forecasts contained herein are primarily based on the writer’s specific opinion. This evaluation is probably not handled as buying and selling recommendation. RoboForex bears no accountability for buying and selling outcomes primarily based on buying and selling suggestions and evaluations contained herein.
