EUR/USD Slides Below 1.0830 Ahead of Trump-Zelensky Meeting

EUR/USD has declined 0.2% to 1.0825 as markets position ahead of the high-stakes meeting between former President Trump and Ukrainian President Zelensky. The geopolitical uncertainty surrounding potential shifts in US-Ukraine relations has weighed on the euro, given Europe's proximity to the conflict and energy dependence concerns. The pair retreated from Friday's high of 1.0865, with selling pressure intensifying during the Asian session. Market participants are assessing potential implications for European security and economic stability, particularly regarding energy supplies and defense spending commitments. Technical indicators show EUR/USD testing support at the 50-day moving average (1.0820), with a break below potentially accelerating losses toward 1.0800. Resistance remains at 1.0850, which has capped recent recovery attempts. The meeting's outcome could significantly impact risk sentiment and euro positioning in the near term.