EUR/USD slips after testing monthly highs, with key macro and political drivers in play:
➤ USD Bounces Back
DXY rebounds to near 99.00, clawing back earlier losses
EUR/USD drops from 1.1425 ➝ 1.1380
➤ US Dollar Faces Credibility Doubts
Trump’s policy flip-flops shake investor confidence
Weekend tariff U-turn delays 50% EU tariffs to July 9
➤ Euro Supported by Strong German Data
German Q1 GDP revised up to +0.4%
Eases fears of recession; boosts EUR sentiment
➤ ECB Rate Cut Hopes Grow
ECB’s Stournaras hints at June rate cut
Traders eye inflation data this week (PCE + EU HICP)
➤ Technical Outlook: Bullish Bias Intact
Holding above 20-day EMA (1.1270)
RSI near 60 — Breakout watch
Resistance: 1.1475
Support: 1.1215
➤ Market Mood:
Cautiously bullish EUR/USD near-term
Eyes on upcoming macro data and US trade rhetoric