EURUSD trades close to 1.1155

The EURUSD pair broadens its fall. The pair is pushed down by EU disagreement and furthermore pulled down by the USD strength – coming from US-China trade war.

The pair sits below the 200-hour Moving Average seen @ 1.1170 as sellers keep on protect the key near-term level in keeping up a more bearish near-term bias. Buyers are as yet inclining toward near-term support around 1.1160.

The USD profited by the retreat yesterday with EURUSD slipping on general worries from Italy as their budget deficit debate with the European Commission proceeds. Looking forward, expect that these themes to stay the key drivers for the pair before we begin turning our considerations to the ECB meeting.

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.