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FX.co ★ Euro rises, dollar falls

Euro rises, dollar falls

Euro rises, dollar falls

The EURUSD rate rose on a general decline in the dollar against the yen and franc.

The reason is the new round of Trump-China trade war. The parties have already exchanged blows. Trump introduces new duties of 10% on goods from China to $300 billion. China, in response, introduces a ban on the purchase of grain (soy) from the United States.

EURUSD: Buy from a rollback from 1.1200 and below, or break of 1.1250.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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