Forecast and technical analysis EURUSD on June 29, 2018.

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EURUSD: euro strengthens on Tusk’s comments

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On Thursday the 28th of June, trading on the euro closed slightly up. A technical correction along with the general weakening of the dollar pushed the euro up. Softer rhetoric from the Trump administration towards China led to increased demand for risky assets. The euro later recovered from 1.1527 to 1.1600. The daily candlestick closed at 1.1568.

Trading plan Forex EURUSD for 28.06.2018

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USD sustains its strength from yesterday, although the volatility on Thursday does not knock down. Another day of the weakening of the Chinese yuan reminds that fears about US-China trade relations weigh on sentiment. EUR/USD stopped the decreases before 1.1540. USD/JPY made an unsuccessful attempt to break at 110. Today in the morning GBP/USD intensified the decline to 1.3070, although for no apparent reason.

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