EUR/USD Faces Pressure as US Tariff Deadline Creates Uncertainty

EUR/USD is experiencing heightened volatility as markets await clarity on potential US tariffs targeting Eurozone goods, with the pair trading near critical support levels around 1.0750. The uncertainty stems from mixed signals regarding the Trump administration's trade policy stance, following the recent postponement of Liberation Day tariffs. European exporters face potential headwinds if new tariffs materialize, which could weigh on eurozone growth prospects and pressure the ECB toward more accommodative policy. Current implied volatility suggests markets are pricing in a 150-pip range over the coming week. Technical indicators show EUR/USD testing the 50-day moving average at 1.0745, with resistance at 1.0820. A breakdown below 1.0730 could accelerate selling toward 1.0680. Traders should monitor any trade policy announcements closely, as clarity either way could trigger significant directional moves in the pair.