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EUR/USD stalls again at 1.0435 after Trump China trade Salvo pushes Dollar higher
Late yesterday afternoon, after the European close an update here noted the price action in the EUR/USD. The push higher towards the top end of the noted double top looked like it might try to force a move above 1.0437. Well, in the event it stalled again at 1.0435 (Exactly where it did much earlier during the Asian session). The Euro closed at 1.0428. Right at the start of the Asian session today it was edging towards 1.0437 again, when another Trump trade comment sent the dollar surging higher. That was the comment from Trump regarding a possible 10% trade tariff on Chinese imports. So, the EUR/USD reacted immediately on the downside, falling from a high at 1.0434, to a low at 1.0393 almost instantly. It has lifted off that low, but this news has so far ensured that 1.0437 remains intact. The EUR/USD is currently trading at 1.0414
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