As you surely know and as reported on here yesterday morning, the EUR/USD fell back to 1.1308 late on Tuesday evening after the US President toned down his attack on the Fed boss, Jerome Powell. The rebound high seen yesterday morning was set at 1.1440. The price action that followed after the final update here on the DAX, saw the Euro later fall very close to that prior 1.1308 low. The low seen yesterday was set around 1.1310 yesterday evening. That was all due to the fresh rhetoric from the White House on China, as mentioned here a number of times already this morning. So, the EUR/USD later closed in the US at 1.1316. The range seen so far today has been covered by 1.1316 to 1.1358. So, whilst there is the prospect of a double bottom being set in place at 1.1308 and 1.1310, there is also the prospect of stops lying in wait below those levels and the rebound, such as it is so far today, has not moved it out of danger in that respect. Beyond 1.1308 lies a more important level, at 1.1214, which defines the whole breakout move to 1.1573 seen on Monday. There will surely be more to add on this one as the day unfolds. The EUR/USD is right now at 1.1351