EUR/USD gains 0.4% as Trump signals willingness for US-EU trade deal

EUR/USD advanced 0.4% to 1.0875 following President Trump's announcement of openness to negotiate a comprehensive trade agreement with the European Union. The euro strengthened as markets interpreted this as a potential easing of transatlantic trade tensions that had previously weighed on European exports. German DAX futures rose 0.8% on the news, reflecting improved business sentiment across the Eurozone. The development comes after months of trade uncertainty that had pressured European manufacturing and export sectors. Technical analysis shows EUR/USD breaking above the 50-day moving average at 1.0860, with next resistance at 1.0900. Support levels are established at 1.0840 and 1.0800. The positive momentum could extend if concrete negotiation timelines emerge, potentially lifting the euro toward 1.0950 in the near term as trade optimism supports European growth prospects.