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The EUR / USD is still suffering on the Forex this afternoon, especially following announcements on the policy of Trump.
Indeed, the US President would consider imposing import taxes next week, according to a German magazine.
Trump goes on the offensive so potentially on the offensive before the G20, and the Forex is already reacting, but modestly.
According to the report, the United States could impose 25% taxes on vehicle imports from all countries except Canada and Mexico.
We can also read that the European Commissioner for Trade, Malmström will visit the United States tomorrow to discuss the issue with the US trade representative, Lighthizer.
Trump and Juncker had reached an agreement to suspend the implementation of vehicle taxes during the negotiating period, but the US President has already expressed his frustration over the slowness of the talks.
On the Forex, the Euro Dollar retreats to new lows and tests the support of 1.1300.
A break below seems very possible intraday, which opened the way towards 1.1280 / 1.1270, a new potential solid support area in the short term.
The bearish movement could therefore mark a pause in this zone, pending new developments.
Currently, the EUR / USD is trading around 1.1300 on Forex.
EUR / USD H1 Chart
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