The EUR/USD rose 0.03% to $1.0967 in Asian trade, supported by expectations of Fed rate cuts amid U.S.-China trade tensions. However, gains were limited by concerns over European growth and global trade disruptions. Without signs of market stability, the pair may stay range-bound under risk aversion pressure.
Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.1000, then 1.0850 and 1.0730.
Key resistance is at 1.1100, followed by 1.1150 and 1.1215. Support lies at 1.1000, then 1.0850 and 1.0730.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.