• EUR/USD steadied around 1.9435 on Friday as focus shifted to the July 9 deadline for trading partners to reach a deal with the United States.
• In the latest tariff update, President Trump announced that the U.S. will begin sending letters to countries on Friday, outlining the specific tariff rates they will face on exports to the United States.
• With Trump’s 90-day pause on higher U.S. tariffs ending next week, investors have turned cautious as major trading partners like the European Union have yet to finalize trade agreements.
• The EU is aiming to secure an "agreement in principle" with the U.S. before the deadline, hoping to gain immediate tariff relief in critical sectors as part of the trade negotiations.
• Technical indicators remain firmly bullish, with the RSI at 66 and the 50, and 100‑day momentum moving averages all trending higher.
• Immediate resistance is located at 1.9503(38.2% fib), any close above will push the pair towards 1.9566(Higher BB).
• Immediate support is seen at 1.9273(June 30th low) and break below could take the pair towards 1.9221(SMA 20).
Recommendation: Good to buy on dips around 1.9430, with stop loss of 1.9360 and target price of 1.9490
