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July, 1 - EUR/USD is ignored and sinking

Even though a new week has begun and a new month has to wipe the slate clean, G20 summit is not letting go of the market and the consequence of the meetings are still pretty noticeable even for those who have just come in to the markets. I am of course talking about the performance of the greenback and its effect on the other assets. The USD is famously on the high note today. And even though it bears a lot of good, we are forced to look at other assets. Like EUR/USD for example.

 

eurusd 1.07.2019

 

European currency is not withstanding the pressure from the growing greenback and can be seen on a very weak note. G20 was mostly revolving around USD and US-Chinese trade war and as a result EUR and Eurozone as well as all of the European troubles were mostly left neglected and were not widely discussed. Of course euro couldn’t help but react to this fact. And it is of no surprise that between this and the growing USD euro is very weak today.

 

It might be up to us to see euro grow, but who is going to risk investing into a failing couple? Trading signals are going to help you choose a perfect entry point for your EUR/USD trades today!

 

 

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