EUR/USD stalls just a fraction below 1.0350

Earlier today an update here noted what an important technical level was in place at 1.0350. Well, since that update, the EUR/USD pushed very close to another test of that level. It got to 1.0349, but as you can see, it has now fallen back and traded to around 1.0320 a short while ago.So, it is hoped the observations and technical explanation in that previous update really helped the reader to arrive at the right course of action. Now, all the while 1.0350 caps the topside, the greater the risk of a deeper relapse, back below the low seen earlier today, at 1.0272 will become. Of course that is likely to require some sort of news based catalyst. The most likely candidate for that is surely Trump. As we know, it is very hard to guess what he might do, or say next. There are a couple of US economic releases due out at 3pm GMT- JOLTS (job openings, factory orders and final durable goods orders). Those might have a passing impact, especially the JOLTS numbers, but as seen yesterday with the ISM data, the reaction can be extremely fickle right now. The EUR/USD is currently trading at 1.0324