Can the Euro Dollar's rebound continue in the difficult context of the moment?

The EUR / USD seems more feverish today on the Forex, and corrects part of the rise the day before.

As a reminder, EUR / USD posted a strong rally last night, following the Fed's surprisingly dovish speech, which weighed on the Dollar on the Forex.

This allowed a move towards 1.1384 in the evening, then an extension under the 1.1400 earlier this morning.

However, the movement is winding down somewhat now and EUR / USD falls back to 1.1350.

Indeed, several themes will be decisive this weekend, including US statistics this afternoon with the PCE core, and the minutes of the Fed tonight.

In addition, worries remain strong because of the risk of US customs taxes on vehicles, and on the eve of the G20, where the United States and China must discuss trade between the two countries. The trade war is still a source of caution and concern in the financial markets. It should be noted that an EU official said he expects vehicle taxes to be implemented before Christmas.

Finally in Europe, the themes of Brexit and the Italian budget still in suspense also call for caution.

All this combined, makes it difficult to emerge a clear trend on EUR / USD at the moment.

In terms of technical thresholds, EUR / USD falls below the 200-hour moving average and returns to the 1.1350 support area.

Below we will still have the 1.1330 / 25, before a return to 1.1300 and 1.1275 is more likely.

On the rise, the obstacles come to 1.1385 and 1.1400, before the strongest zone of 1.1420.

Currently, the EUR / USD is trading around 1.1355 on Forex.

EUR / USD H1 Chart