Trading signals

EUR/USD

EURUSD

The President Trump kept threatening the EU with new tariffs. The euro is waiting for the ECB meeting. Meanwhile, the market’s sentiment improved a bit, however, concerns over the coronavirus in China remained in place.

 

The main scenario is a recovery to the 1.1100 hurdle.

An alternative scenario is a move to 1.1060. 

 

Trading recommendations

 

The euro is expected to break 1.1090 and move towards 1.1110.

The spot may decline to 1.1060 when bears break below 1.1080.

 

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