EUR/USD rises to 1.0780 on optimism over US-EU trade talks

EUR/USD has gained 0.4% to trade at 1.0780, buoyed by growing hopes for constructive trade discussions between the United States and the European Union. The positive sentiment follows recent comments from EU officials signaling a willingness to engage in negotiations and seek mutually beneficial outcomes. A successful resolution to trade disputes could provide a significant boost to the euro, which has struggled against the dollar in recent months. However, traders remain cautious, awaiting concrete developments and official statements. Technically, EUR/USD faces resistance at 1.0820, with a break above this level potentially opening the door for a test of the 1.0900 handle. On the downside, support is seen at 1.0740 and 1.0700.