EUR/USD rebounds from 2-week lows and prints fresh daily highs above 1.1370

• Pair moves higher as the US Dollar turns lower across the board.  
• Reports about US-China trade war pushed equity prices further lower and weakened the greenback.  

The EUR/USD pair rose further during the US session and recently reached at 1.1373 a fresh daily high. At the time of writing, it is flat for the day around 1.1365. Earlier today, bottomed at 1.1335, the lowest since January 3.  

The rebound from the 1.1335 area could signal that a short-term bottom is in place, particularly if the euro manages to rise above 1.1380. Also, a daily close far from the lows could contribute to favor some consolidation with a bullish bias for the next sessions.  
A retreat from the current level back below 1.1350 would expose the daily low and the negative tone that has been in place over the last two weeks.  

The last leg higher on EUR/USD took place despite the slide of the EUR/GBP. The US dollar dropped amid a slide in equity prices and lower US yields. Reports mentioning that Trump’s administration canceled the meeting with Chinese officials following lack of progress on trade issues weakened the greenback further. The Dow Jones is falling 1.45% and the Nasdaq 1.80%. Among currencies, the yen and the pound are outperforming.