Stays in the 3 day choppy range though
The EURUSD made a run below trend line support and the 100 hour MA (blue line) and extended down toward the low from yesterday and the rising 200 hour MA (green line).
We are already seeing a run back higher toward the 100 hour MA at 1.13316. Can the sellers keep the pressure on the pair? There has been a break lower, but there needs to be more momentum below the 3 day chop to get the sellers more in control.
The EU is this week has been trying to help solve the Brexit negotiations and trade issues with the US as well. A spokesperson just said that if the Trump administration imposes tariffs on autos, they would retaliate with tariffs on US goods with Caterpillar and Samsonite specifically mentioned.
Can the EU economies weather a trade war with the US?
