- China retaliates
- EUR/USD testing support level
Price Movement
Since yesterday, EUR/USD has been moving indecisively within a 45pips range.
Trend
EUR/USD is ranging across.
Important Issue
Yesterday, China retaliated to U.S.’ tariff action by announcing that it will raise tariffs on U.S. goods starting from 1st June.
Technical
EUR/USD is testing the support level of 1.12300.
Price Levels
Current Price: 1.12390
Next Resistance: 1.14200
Next Support: 1.12300
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