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JinDao_Tai

EUR/USD Outlook (16th May 2019)

Euro / U.S. Dollar (FX:EURUSD)  
JinDao_Tai  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Forex macro technical trend EURUSD
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trendanalysis forex macro technical trend eurusd
  • Delay in auto tariffs
  • EUR/USD testing key level

Price Movement
Since yesterday, EUR/USD moved down by around 30pips before moving back up by around 30pips.

Trend
EUR/USD is ranging across.

Important Issue
The Trump administration plans to delay auto tariffs on EU by up to 6 months.

Technical
EUR/USD is testing the 1.12 key level.

Price Levels
Current Price: 1.12073
Next Resistance: 1.12300
Next Support: 1.10124
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