The US President has managed to bring the Chinese deal makers once again to the table and it is set to make a positive impact on the dollar.
Further, the pair is in an ascending channel formation and it hit its resistance mark at the resistive trendline.
Now, the pair broke the critical support of 1.13487 and made lower low formation, which could make the bulls to take the foot of the gas.
Hence, we expect the pair to move to the supportive trendline for now, where the buying activity might resume again.
Further, the pair is in an ascending channel formation and it hit its resistance mark at the resistive trendline.
Now, the pair broke the critical support of 1.13487 and made lower low formation, which could make the bulls to take the foot of the gas.
Hence, we expect the pair to move to the supportive trendline for now, where the buying activity might resume again.