On our analysis on the 02.05 we indicated that we were short EUR/USD
pre and post FOMC however since then the currency pair has risen up towards 1.125. We see this as a selling opportunity as EURUSD
failed to break the Fibbonaci resistance level
at 1.12514 and the RSI
rose to the high 70s before dropping to below 60. We will also be closely monitoring the US China trade talks which could potentially cause a lot of volatility
in the currency pair.