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FX.co ★ Trump threatens China with tariffs. Euro and pound are under less pressure.

Trump threatens China with tariffs. Euro and pound are under less pressure.

 Trump threatens China with tariffs. Euro and pound are under less pressure.

Signals for the EUR/USD pair:

If the pair breaks through at 1.0818, the euro is likely to increase to 1.0856 and 1.0895.

A breakthrough at 1.0772 can lead to a sell-off of the euro at 1.0728 and 1.0636.

Signals for the GBP/USD pair:

If the pair breaks through at the level of 1.2225, the British pound can rise to 1.2275 and 1.2323.

A breakthrough at 1.2170 can lead to a sell-off of the British pound at 1.2127 and 1.2030.

The following fundamental data is set for release during the day:

  • German GDP
  • Eurozone GDP
  • France Consumer Price Index
  • US retail sales
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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