EURUSD jumped to a one-month high following new developments in the ongoing US-EU tariff saga

EURUSD climbed to a one-month high on Monday, lifted by the latest twist in the US-EU tariff dispute.

Markets reacted positively after President Trump unexpectedly postponed the implementation of 50% tariffs on all EU imports—from an initial start date of June 1 to July 9—to allow room for negotiations. The move eased trade tensions and boosted risk appetite, supporting the euro.

The pair broke above the 61.8% Fibonacci retracement of the 1.1573–1.1065 drop and briefly pushed through the psychological 1.1400 level. However, a quick pullback seen on intraday charts suggests growing resistance in this zone.

While daily stochastic signals overbought conditions, the broader outlook remains bullish. The thick rising daily cloud continues to underpin the advance, and a potential bullish Tenkan/Kijun-sen crossover could reinforce the positive bias.

Dips are expected to remain limited, with support seen at 1.1320 (daily Kijun-sen), keeping focus on renewed attempts to clear the 1.1400 hurdle. Sustained strength above this level would open the path toward 1.1453 (76.4% Fibo) and the psychological 1.1500 mark.

Res: 1.1400; 1.1418; 1.1453; 1.1500
Sup: 1.1359; 1.1320; 1.1300; 1.1270