EURUSD is higher in trading today as there is modest USD selling on less Trump tariffs | Forexlive

The EURUSD is starting the new US trading day and week modestly higher. The pair seems to be reacting, at least in part, to easing concerns around tariffs following recent comments from former President Trump, as his anticipated “Liberation Day” on April 2 approaches. While the market response so far is relatively muted, there is a slight upward bias in early trading.

Technically, the pair found support in a key swing area between 1.08044 and 1.08174 (see 4-hour chart above). This zone also includes the 61.8% retracement level of the decline from the September 2024 high, making it a significant area to watch. As the week begins, this range will act as a key support. A break below it would shift focus to the 100-bar moving average on the 4-hour chart (blue line the chart above) at 1.0784, and then to a lower swing area near 1.07609. If those levels are broken, it could open the door for further downside pressure.

On the topside, resistance is forming around 1.08594—a level that has held as a swing point on Wednesday, Thursday, Friday, and again today. The high so far reached 1.08575 before pulling back. A move above this resistance, and more importantly a sustained hold, would give dip buyers more confidence and shift attention toward the falling 100- and 200-hour moving averages, currently between 1.0872 and 1.0879 (see blue and green lines on the chart below). Breaking above those moving averages would give buyers more control of the short-term trend.

Last week’s decline helped sellers regain some control, especially with the price trading below the 100- and 200-hour MAs. The key for this week is whether sellers can maintain and build on that momentum—or whether buyers can step in, reclaim key technical levels, and restart the move higher after a brief correction. The technical lines are clearly drawn, providing a helpful roadmap for traders as the week unfolds.