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Is a Currency War now on the radar for the EUR/USD?

The EUR/USD had two attempts to push above 1.0830 yesterday morning and it failed on each occasion. Even the weak US data later in the day could not lift it above that level and it stalled at 1.0812. The EUR/USD later closed in the US at 1.0793. The low seen earlier in the day was set at 1.0778. The price action so far today is no more conclusive than it was yesterday. The lack of traction is once again testimony to a huge deal of uncertainty over its future path. Of course this is all about Trump and the trade tariffs to be announced later today. It is also about whatever the EU decide to do and respond to that. Look, there are no winners in a trade war, but a currency war might be a different matter, if that is the way this situation ends up going to. There will be more to add and explain on that in due course, but we should not rule out the prospect of such a battle unfolding at some point down the road and that might be a road the EU choose to take. we shall see on that in due course. The EUR/USD range so far today is covered by 1.0786 and 1.0808. It is currently trading 1.0793, which is exactly where it closed in the US last night 

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