No important news in the calendar. From the unplanned: New mutual shots in the US-China trade war. Recall: last Friday, Trump raised duties on $ 200 billion-worth of goods from China from 10% to 25%. Yesterday, on Monday, May 13, China responded by announcing that from June 1, it would raise duties on $60 billion-worth of goods from the US. In response to this, the US Department of Commerce announced that it has prepared a new list of goods worth $300 billion from China and it would to raise duties from 10% to 25%. Trump said that he demanded China to not respond to US measures – and said that he would meet with Xi Jing Ping in June at a meeting of the big 20 to address trade issues.
EURUSD: The rate is still being held within the beginning of the upward movement – but everything will be decided in the next day or two. The key level of 1.1270 – if the euro passes it and consolidates above – an upward trend is very likely.
On the contrary, the euro’s fall to 1.1280 and below – a return to the range and the possibility of going down.
We are ready to buy from 1.1270
We are ready to sell from 1.1130
The material has been provided by InstaForex Company – www.instaforex.com
No important news in the calendar. From the unplanned: New mutual shots in the US-China trade war. Recall: last Friday, Trump raised duties on $ 200 billion-worth of goods from China from 10% to 25%. Yesterday, on Monday, May 13, China responded by announcing that from June 1, it would raise duties on $60 billion-worth of goods from the US. In response to this, the US Department of Commerce announced that it has prepared a new list of goods worth $300 billion from China and it would to raise duties from 10% to 25%. Trump said that he demanded China to not respond to US measures – and said that he would meet with Xi Jing Ping in June at a meeting of the big 20 to address trade issues.
EURUSD: The rate is still being held within the beginning of the upward movement – but everything will be decided in the next day or two. The key level of 1.1270 – if the euro passes it and consolidates above – an upward trend is very likely.
On the contrary, the euro’s fall to 1.1280 and below – a return to the range and the possibility of going down.
We are ready to buy from 1.1270
We are ready to sell from 1.1130
The material has been provided by InstaForex Company – www.instaforex.com
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