EUR/USD gains traction as European markets eye positive open

EUR/USD is showing positive momentum in early Tuesday trading, hovering near 1.0830 as European stock markets prepare for an optimistic opening amid easing global trade tensions. Market sentiment has improved following signals of potential de-escalation in international trade disputes, providing support for risk-sensitive currencies including the euro. The positive European market outlook contrasts with recent concerns about eurozone economic growth, offering temporary relief for euro bulls. Technical analysis shows EUR/USD testing resistance at the 1.0840 level, with a break above potentially opening the path toward 1.0860. Support remains firm at 1.0800, reinforced by the 50-day moving average. Traders await Wednesday's eurozone inflation data and Thursday's ECB meeting minutes for further directional cues. The improved risk appetite could continue supporting EUR/USD gains, though any resurgence in trade concerns or disappointing European data could quickly reverse the positive momentum.