On April 23, 2025, the U.S. dollar posted gains against major currencies. This came after US President Donald Trump said that he did not intend to fire Federal Reserve Chairman Jerome Powell and also expressed readiness to reduce tariffs as part of a potential trade agreement with China. Such statements reduced fears of interference in the monetary policy of the Fed, and the dollar index rose, reflecting the strengthening position of the U.S. currency.Quotes of the pair EUR/USD reacted with a decrease. Technically, the market met resistance as it approached 1.1600, which we wrote about earlier. The range of 1.1200-1.1400 acts as support. In case of its overcoming, significant buying activity may reappear when the market meets the area: 1.1100-1.0950.