EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Wait for updates concerning the US-EU trade deal
Friday continues to be highlighted by the news connected to the trade issues of the United States. Later today at 20:45 MT time US President Donald Trump will make an announcement concerning the trade deal with the European Union. The market will pay attention to the updates on auto tariffs. With the new fears surrounding the US-China trade tensions, it will be interesting to follow this news. Pay attention to the euro. After the unemployment rate for the US increased to 3.7%, EUR/USD rose to the resistance at 1.1095. On H4, the next resistance will lie above the 50-period SMA at 1.1137. If Trump announces fresh auto tariffs on the EU, the pair will slump to the 1.1026 level. The next support will lie at 1.0982.
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