Trump's 6 month can kick on auto tariffs - does it put a floor under EUR/USD?

The overnight news on US President Trump putting off a decision on higher auto tariffs:

• Trump to delay decision on auto tariff imports for up to six months - report

EUR got a boost:

• Trump to delay decision on auto tariff imports for up to six months - report

Some follow up via TD:

• this delay should help draw a line under potential EURUSD weakness
• The situation remains highly fluid, but we have long considered a potential pivot in trade conflicts to Europe as one of the greatest near-term downside threats to EUR
• the region's macroeconomic backdrop has improved in recent weeks
• "hard data" surprises have turned increasingly positive
• 6 June ECB meeting is the next major event risk

For now, 1.1175 (+/-) is a key pivot. Unless a new bearish catalyst emerges, the 26 April low (1.1112) could represent the trough for this cycle.