The US-China trade agreement was signed yesterday. However, the trade deal did not impress traders. The US Producer Price Index disappointed markets as well. As a result, the greenback remained under pressure.
The main scenario is a growth to the 1.1180 hurdle.
An alternative scenario assumes a decline to the 1.1130 region.
A decisive break above 1.1160 could open the door towards 1.1180.
The level 1.1130 may become a probable bearish target if the rate overcomes 1.1150.