The European currency has come under downside pressure during the week and is pulling the EURUSD pair back to the 1.10 area.

The pair has blurred Tuesday’s jump to weekly tops close to 1.1030 as the US dollar continued its downside, disregarding reports of the Democrat’s inquiry impeachment against President Trump and the tick lower in the Consumer Confidence for the September.

Traders seem to have turned their attention to the US-China trade talks and the euro area data.

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.

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