EUR/USD: The pair rises on back of Dollar weakness


© O Financista. EUR/USD explores the rise

Investing.com – Slowly but surely, the pair EUR/USD continues its climb, with a new peak at 1.1262 this afternoon.

With the response of China, which began to take shape following the escalation in tariffs on US last week, the Dollar begins to take umbrage at the situation, as seen on the Dollar Index.

From a graphical point of view, the zone of 1.1250-65 is a resistance, and the ability of the pair EUR/USD out of this area, where it is currently located will be critical to its evolution in the short term.

Beyond that, the next potential goal will be the psychological threshold of 1.13.

Has lower, it is possible to find support at 1.1225, before the psychological threshold of 1.12.

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