EURUSD:Pay special attention to the resistance level at 1.0850

In the future, two major variables will dominate the trend of the euro:
1、Details of tariff policies: If the US imposes tariffs on the EU with an intensity exceeding expectations, the euro may quickly test the support level of 1.0750. Conversely, if the measures are mild or postponed, the exchange rate may rebound above 1.0900.
2、Linkage of US economic data: If the manufacturing PMI and non-farm payroll data reinforce the "American economic exceptionalism", the US dollar may regain buying interest and suppress the euro. If the data is weak, it will solidify the expectation of an interest rate cut by the Federal Reserve in June, which is bearish for the US dollar.

We can focus on the initial resistance level of 1.0850 above. If this level is not breached, one can attempt to short at high levels.

Trading strategy:
Sell@1.0850
TP:1.0750

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