The pair stays rangebound in the 1.1730 area on Wednesday. New planned US tariffs on Chinese imports dominate the scenario. The greenback keeps the choppy performance above 94.00. The selling bias prevails around the European currency on Wednesday and is now motivating EUR/USD to extend the sideline theme in the low-1.1700s. EUR/USD looks to trade, ECB-speak The pair is down for the second day in a row, extending the rejection from Monday’s tops in the boundaries of 1.1800 the figure against the backdrop of increasing concerns over the US-China trade war. In fact, the risk aversion sentiment re-emerged among traders after the US threatened to impose an extra $200 billion tariffs on Chinese products and the subsequent retaliatory answer by China, all rendering in moderate losses in Asian markets earlier today. Looking ahead, ECB’s M.Draghi, Y.Mersch, P.Praet and D.Nouy are due to speak in an ECB event, whereas June’s Producer Prices and the weekly report by the EIA are only due across the pond. EUR/USD levels to watch At the moment, the pair is losing 0.09% at 1.1733 and a break below 1.1691 (low Jul.10) would open the door to 1.1656 (21-day sma) and then 1530 (low Jun.19). On the flip side, the next hurdle emerges at 1.1791 (high Jul.9) seconded by 1.1853 (high Jun.15) and finally 1.1854 (38.2% Fibo of April-May drop). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Significant negative shift in sentiment – Danske Bank FX Street 3 years The pair stays rangebound in the 1.1730 area on Wednesday. New planned US tariffs on Chinese imports dominate the scenario. The greenback keeps the choppy performance above 94.00. The selling bias prevails around the European currency on Wednesday and is now motivating EUR/USD to extend the sideline theme in the low-1.1700s. EUR/USD looks to trade, ECB-speak The pair is down for the second day in a row, extending the rejection from Monday's tops in the boundaries of 1.1800 the figure against the backdrop of increasing concerns over the US-China trade war. In fact, the risk aversion sentiment re-emerged among traders… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
