US President Trump spoke about concerns from rate hikes and sent US dollar sharply lower. EUR/USD rebounded sharply from 3-week lows to 2-day highs. The EUR/USD pair rose from 1.1605 to 1.1677, hitting levels on top of yesterday’s highs. From the top pulled back and at the time of writing was hovering around 1.1655, marginally higher for the day. Trump’s comments triggered a sell-off of the US dollar the sent the EUR/USD pair from levels near the 3-week low it reached hours ago at 1.1573 back to the 20-day moving average that stands at 1.1660. US President mentioned that he is concern about rate hikes from the Federal Reserve and added that it might put the US at a disadvantage. The greenback trimmed gains across the board, even against commodity currencies. With recent moves, the euro printed a fresh 4-month high versus the pound. EUR/USD Levels to watch Despite the recovery, the bearish bias remains intact but the negative momentum eased with Trump’s rally. A daily close well above 1.1660/70 (20-day moving average) would be a positive development for the euro. On the upside, resistance levels could be located at 1.1660, 1.1695 and 1.1725. On the flip side, support might be seen at 1.1635, 1.1600 (Jul 18 low) and 1.1570/75 (Jul 19 low). 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 AUD/USD: Trump rally held up at key 0.7380, external influences at play FX Street 5 years US President Trump spoke about concerns from rate hikes and sent US dollar sharply lower. EUR/USD rebounded sharply from 3-week lows to 2-day highs. The EUR/USD pair rose from 1.1605 to 1.1677, hitting levels on top of yesterday's highs. From the top pulled back and at the time of writing was hovering around 1.1655, marginally higher for the day. Trump's comments triggered a sell-off of the US dollar the sent the EUR/USD pair from levels near the 3-week low it reached hours ago at 1.1573 back to the 20-day moving average that stands at 1.1660. US President… Regulated 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.
