- Progress in Trade War
- EUR/USD moving towards support level
Price Movement
Since yesterday, EUR/USD moved up by around 35pips before moving back down by around 35pips.
Trend
Overall, EUR/USD is trending upwards.
Important Issue
Yesterday, during an interview with CNBC, US Treasury Secretary Steven Mnuchin expressed optimism in the US-China Trade War, saying that that he is hopeful that they can move forward with a plan and that they are “90% of the way there”, hinting that a deal may be coming up soon.
Technical
EUR/USD is moving towards the support level of 1.13300.
Price Levels
Current Price: 1.13553
Next Resistance: 1.15000
Next Support: 1.13300