Investor confidence in the US dollar as a safe-haven asset was renewed following Trump’s threat to impose harsh tariffs on China starting next month, despite the ongoing US government shutdown now in its third week. This increased sell orders on the EUR/USD pair last week, with losses extending to the 1.1542 support level, near the pair’s two-month low, before it closed the week stable around the 1.1622 level. Today, given the American holiday, the EUR/USD is expected to trade within a narrow range with a downward bias, hovering around and below the 1.1600 support level.
EUR/USD Analysis and Signals: RSI Reading Confirms a Downward Shift for the Euro-Dollar – 13 October 2025
