- EUR/USD hovering above support level
- Trade War optimism
Price Movement
Since last Friday, EUR/USD has been moving within a 40pips range.
Trend
Overall, EUR/USD is trending downwards.
Important Issue
This morning at around 0652 (SGT), U.S. President Donald Trump reported that “the U.S. has made substantial progress” in their trade talks with China on important issues such as intellectual property protection, technology transfer, agriculture etc.
Besides, he will also be delaying the U.S. tariffs increment that was originally scheduled for 1st March.
Technical
Since last Friday, EUR/USD has been hovering above the support level of 1.13256.
Price Levels
Current Price: 1.13484
Next Resistance: 1.14138
Next Support: 1.13256