- U.S. tariff to Mexico suspended indefinitely
- EUR/USD testing key level
Price Movement
Since last Friday, EUR/USD moved up by around 85pips before moving back down by around 35pips.
Trend
EUR/USD is trending upwards.
Important Issue
Last Saturday, U.S. President Donald Trump announced that the U.S. has reached a signed agreement with Mexico, thus suspending the tariff indefinitely which was scheduled to go into effect today. In return, Mexico has agreed to take up strong measures to prevent illegal immigration from Mexico into the U.S..
Technical
EUR/USD is testing the 1.13 key level.
Price Levels
Current Price: 1.13123
Next Resistance: 1.14200
Next Support: 1.12300