The EURUSD pair is quickening the downside after breaking beneath the 1.1200 handle in the wake of the new week.

Currently, price hit a fresh low of 1.1170. It would appear that we could be seeing a move lower to test the 200-hour Moving Average at 1.1160.

The pair focused on developments from the US-China trade war.

Also, the euro remains attentive on headlines from the Italian political situation, where speculations of snap elections remain in place.

 

 

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.