Trading signals

EUR/USD

EURUSD

EU data came in better than anticipated, however, US-China trade deal concerns limited the advance of euro. If Tramp delays the trade deal with China, the US dollar may print fresh highs.

 

The main scenario is a bounce off the 1.1060 support.

An alternative scenario remains a decline to the 1.1030 area. 

 

Trading recommendations

 

Buy the euro towards 1.1100, if you see the EUR/USD leave the 1.1070 area and move upwards. 

Sell the currency pair towards 1.1030 if the level 1.1060 is broken downwards.