© O Financista. The trend is still very uncertain on EUR/USD
The least we can say is that the trend of the pair EUR/USD is uncertain since the beginning of the week.
The Euro-Dollar has indeed proved to be insensitive to the twists and turns in the course of the trade war China-USA.
No response today either in the face of statistics US less good than expected (price index of production and inscriptions weekly unemployment), no. face in the discourse of Powell, who has, it is true, content of little references to the economy.
The outcome of the discussions scheduled today between negotiators for the US and their chinese counterparts, however, may still influence the pair via the Dollar, and it will therefore be necessary to monitor d eprès any note about it.
From a graphical point of view, the uncertainty is characterized by a number of factors, including the fact that the EUR/USD pair draws a triangle of indecision in the hourly data since the beginning of the week.
Moreover, moving averages 100 and 200 hours merge and the prices oscillate around them, this also constitutes a characteristic signal of indecision.
Finally, in relation to important thresholds, it should be noted that the resistance of 1.12 is the first obstacle before the summit this week at 1.1215, and then 1.1225, 1.1260 and 1.13.
Has the decline, 1.1175 is the first medium to take into account, before 1.1150, 1.1135 and 1.11.