EUR/USD: Corrective pullback on the day – OCBC
Portfolio Pulse from
The Euro (EUR) is experiencing a fourth consecutive session of decline due to tariff uncertainties. OCBC's FX analysts suggest potential short-term downside risks, with support levels around 1.0700/20 and resistance at 1.0950/70. Despite near-term challenges, positive catalysts like potential Ukraine peace deal and defense spending expectations could provide underlying support.
March 25, 2025 | 9:00 am
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NEGATIVE IMPACT
The Euro ETF may experience short-term volatility due to tariff uncertainties and geopolitical tensions, with potential support from emerging positive factors.
The potential tariff implementation and geopolitical uncertainties suggest a short-term negative pressure on the Euro ETF, though long-term outlook remains nuanced.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80