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JinDao_Tai
May 16, 2019 6:39 AM

EUR/USD Outlook (16th May 2019) 

Euro Fx/U.S. DollarFXCM

Description

  • 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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