April 21, 2025 – DailyForex.pk
The Euro (EUR) surged past the 1.1500 level against the US Dollar (USD) for the first time since November 2021, climbing over 1% during Monday’s Asian session. The move comes amid renewed selling pressure on the greenback, driven by concerns over Federal Reserve independence, stagflation risks, and escalating US tariffs.
As traders flee the US dollar, the EUR/USD pair rallied sharply, reaching a session high near 1.1517 and setting the tone for a potentially extended upside trend.
The Relative Strength Index (RSI) has cooled slightly to 69, exiting overbought territory, while the ADX above 46 confirms a strong and sustainable uptrend.
The US dollar index (DXY) remains under pressure as:
The Fed is trying to maintain credibility and independence, but the administration’s ongoing review of Powell’s status has left investors uncertain.
The European Central Bank (ECB) delivered a 25-basis-point rate cut, lowering the deposit rate to 2.25% and signaling a shift away from restrictive policy.
This divergence in central bank tone has widened the EUR/USD upside window, especially as European officials prepare to retaliate if tariff tensions intensify.
With 1.1500 now broken, the EUR/USD pair is poised for further gains, especially if tariff tensions escalate, the Fed signals policy fragility, or European data supports continued resilience.
Key drivers this week include:
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