The surprising news that Donald Trump has removed Governor Lisa Cook from office caused noticeable weakness in the US dollar overnight. Investors are reacting cautiously, and this could trigger short-term buying interest in EUR/USD. On shorter timeframes, the zone around 1.1660 is particularly important, as it may act as a decisive resistance level. A clear break above this mark would increase the likelihood of more buyers entering the market. Potential short-term targets are 1.1700 and even 1.1730, offering interesting opportunities for short-term trades. At the same time, caution is advised, as political news and further US developments can move the market sharply. Traders should closely monitor reactions and adjust their positions accordingly. Overall, the situation remains volatile, presenting both opportunities and risks for short-term trading strategies.
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