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EUR/USD is trading at 1.1474, the highest since May 2017 as the greenback weakens on the troubles of Trump Junior.

A “smoking gun” was presented by the New York Times: evidence that the son of the president knew the Russian government wanted to offer him valuable and incriminating information about Hillary Clinton.

A potential impeachment of the President or merely the trouble could further derail any potential infrastructure spending or tax cuts.

The next level of resistance is 1.15, followed by 1.1620. Support is at the former resistance line of 1.1445. The euro is on the uptrend since the beginning of the year.

More:  EUR/USD: ‘Mess Around’ Here Before Positioning Lighten Up To Trigger A Break Higher – SocGen