Trading signals

EUR/USD

EURUSD

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. 

 

Trading recommendations

 

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.

 

New articles