EUR/USD Forecast: Trump's tariffs and the NFP may send it down

The Relative Strength Index on the four-hour chart has risen above 30 – exiting oversold conditions and allowing for fresh falls. Momentum remains to the downside and the currency pair continues trading below the 50, 100, and 200 Simple Moving Averages. Some support awaits at 1.10790 which is the daily low. 1.1027 – the lowest level in two years recorded on Thursday – is critical support. The next lines are 1.0960 and 1.0900, dating back to 2017. Some resistance awaits at 1.1101, the previous 2019 low which now turns into resistance. It is followed by 1.1160 that capped EUR/USD early in the week, and by 1.1190 which was a swing high last week. 1.1240 is next.

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