EUR/USD: The controversial Trump creates confusion on the pair

The single European currency is under mild pressure, falling near 1,15 level as investors are trapped in the controversial policy of the US President as developments are stormy and rhetoric changes from moment to moment.

The last few weeks are a typical example of the functioning of the American currency as a safe haven currency, as every time the climate worsens, the dollar returns to the fore, while as soon as some optimistic signs appear that increase the likelihood of an end to the war, the markets react and the European currency returns to positive territory.

In such an environment where Donald Trump's enigmatic personality and controversial policies dominate the agenda, macroeconomic data have taken a back seat and currently do not largely determine the course of the exchange rate.

It is worth emphasizing that in such an environment where the level of concern has peaked to a very high degree, the gains of the American currency are smaller than many analysts would expect, which increases the likelihood of a good rebound and the return of the European currency to much better prices when peace returns to the Persian Gulf.

Therefore, as I emphasized in the previous article, I prefer to remain on the sidelines for the time being, but with the idea of​​buying the European currency at some new strong dip.

Tomorrow's data on new jobs in the United States, although under the circumstances they have lost the great weight of the past, will not go unnoticed, especially in the event of a major surprise.

The 1,14 level remains currently one of the most critical levels and constitutes a difficult challenge for the American currency's attempt to find better prices.