- EUR/USD has been soft all session and now trades 0.24% lower.
- The next support could be the psychological 1.10 handle.
The US dollar strength has been relentless today as gold and all of the FX majors have struggled against the greenback.
Just now there have been reports that Trump may not be willing to roll back tariffs on Chinese goods.
US President Trump says he has not yet agreed to roll back tariffs on China; notes that China would like him to do so and China want him to make a trade deal
Despite this news, the dollar is surging and the dollar index is at a level not seen since 16th October.
It seems that is there is good or bad trade news the dollar is rising. One side is protectionism the other is risk appetite.
EUR/USD is now 20 pips or so away from the psychological 1.10 level which could provide some relief.
|Today last price||1.1026|
|Today Daily Change||-0.0020|
|Today Daily Change %||-0.18|
|Today daily open||1.1046|
|Previous Daily High||1.1092|
|Previous Daily Low||1.1036|
|Previous Weekly High||1.1176|
|Previous Weekly Low||1.1074|
|Previous Monthly High||1.118|
|Previous Monthly Low||1.0879|
|Daily Fibonacci 38.2%||1.1057|
|Daily Fibonacci 61.8%||1.107|
|Daily Pivot Point S1||1.1024|
|Daily Pivot Point S2||1.1002|
|Daily Pivot Point S3||1.0968|
|Daily Pivot Point R1||1.108|
|Daily Pivot Point R2||1.1114|
|Daily Pivot Point R3||1.1136|
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