The Euro Dollar accentuates its decline but the movement remains rather shy because of the media

The EUR / USD breaks below 1.13, but can not really accelerate.

As a reminder, announcements that Donald Trump was threatening to implement customs duties on vehicle imports as early as next week, weighed on EUR / USD on the Forex this afternoon.

This reinforces the bearish movement, and allows the Euro Dollar to break below 1.1300.

However, the fall remains relatively moderate, while the pair is approaching a new support zone towards 1.1280 / 1.1270.

EUR / USD could indeed pause over this zone, waiting for new developments.

We are headed towards a new session of EUR / USD down today, further strengthening the short-term bearish sentiment, which prevails since the break of the uptrend line towards 1.1405.

Below 1.1270, we could find the 1.1250 then the recent annual lows around 1.1215.

On the rise, the first resistances come to 1.1300 and 1.1314, before the threshold of 1.1330.

A return above 1.1330 could encourage a stronger rebound in the very short term.

Currently, the EUR / USD is trading around 1.1290 on the Forex.

EUR / USD H1 Chart

This chart was created using the TradingStation 2 trading platform provided by FXCM France.

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