EURUSD InsightEuro/US DollarFX:EURUSDshawntime_academyWelcome, everyone. Please share your personal opinions in the comments. Don’t forget to hit the boost and subscribe buttons. Key Points - The U.S. and the EU have reached a trade agreement to impose a 15% tariff on EU goods, including automobiles. However, President Trump stated that pharmaceuticals, steel, and aluminum would be exempt from the 15% tariff. Both sides also agreed to mutually waive tariffs on "strategic items" such as aircraft and semiconductor equipment. Additionally, the EU has agreed to purchase $750 billion worth of U.S. energy and to invest an additional $600 billion in the U.S. - High-level trade talks between the U.S. and China will be held on July 28–29, with the market expecting an extension of the current trade truce. - Ahead of the FOMC meeting scheduled for July 29, markets are projecting an interest rate cut more likely in September rather than July. Key Economic Events This Week + July 29: U.S. Department of Labor JOLTS + July 30: Germany Q2 GDP, U.S. July ADP Non-Farm Employment Change, U.S. Q2 GDP, Bank of Canada interest rate decision, FOMC meeting outcome + July 31: Bank of Japan interest rate decision, Germany July CPI, U.S. June Core PCE Price Index + August 1: Eurozone July CPI, U.S. July Non-Farm Payrolls, U.S. July Unemployment Rate EURUSD Chart Analysis The pair is showing an upward trend after finding support near the 1.16000 level. However, with resistance at the 1.18000 level—where the price previously faced rejection—the overall bias still appears bearish. That said, a breakout above this resistance line could signal a continuation of the uptrend, warranting close monitoring. For now, the outlook remains bearish toward the 1.15000 level. Should a breakout be confirmed, we will promptly revise our strategy.