- EUR/USD broke key levels
- Tentative deal reached to avoid US government shutdown
Price Movement
Since yesterday, EUR/USD dropped for around 50pips before moving back up for around 10pips.
Trend
EUR/USD is currently trending downwards.
Macro Background
No major economic data release.
Important Issue
U.S. congressional negotiators have reached a tentative deal to fund the government and avoid a future government shutdown. The passing of the deal will prevent those employees who were affected during the 35-day partial government shutdown from having to once again miss future paychecks.
Technical
Yesterday, EUR/USD broke the support level of 1.13256 and the key level of 1.13.
Price Levels
Current Price: 1.12846
Next Resistance: 1.13256
Next Support: 1.12294
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