Performance for the Day
Trade war between the U.S and China is currently dragging EURUSD pair price to July 19th low. The pair may break the 1.1574 support very soon if the Trade war tension continues.
However, Bulls are now trying to make the pair price close above the 1.1600 psychological area. As at the time of writing this post, EURUSD price is at the 1.1595 area.
The 4hr 200 moving average area is currently at the 1.1661 area as price dropped for more than 60 pips from around that level today.
Next on the economic calendar is U.S Non Farm Payroll data due on tomorrow.
Trade Levels to Watch
A strong break above the 1.1620 level will signal more bullish correction of the pair to the 1.1661 area. A break below the 1.1545 area will signal a bearish move of the pair to the 1.1515 area.
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