EUR/USD Under Pressure as EU Google Fine Deepens US-EU Trade Tensions

EUR/USD faces renewed downside pressure as escalating trade tensions between the United States and European Union weigh on sentiment. USTR Greer publicly condemned the EU's decision to fine Google, stating that 'the EU continues to target the most competitive U.S. companies,' signaling a potential retaliatory response from Washington. The rhetoric introduces significant uncertainty into transatlantic trade relations, which could lead to broader tariff escalation or regulatory retaliation affecting European exports. The euro is vulnerable to further selling pressure as traders price in the risk of deteriorating US-EU economic cooperation. Markets are closely watching for any formal trade policy responses from the White House, which could amplify volatility in EUR/USD. Near-term support sits around the 1.1300 psychological level, with resistance near 1.1400. Traders should monitor upcoming trade policy announcements and EU economic data for directional cues. A further deterioration in trade rhetoric could push EUR/USD toward lower support zones as risk sentiment sours for the single currency.