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| EUR/USD four-hour chart, source:FXDD.com |
cf. [USDX] Rising Dollar 2019 1109
cf. [EUR] Facing Resistance Line 2019 1103
cf. [USDX] Ahead of Fed Decision 2019 1030
cf. [EUR] Euro in Correction 2019 1024
Donald Trump, the U.S. President's address on Tuesday didn't satisfied market's need about the U.S.-Sino trade talks. After his speech, market participants prospects the trade talk carefully and it called safe-haven asset such as Japanese yen and greenback.
Dollar index, greenback's price against six-currencies basket rose 0.12 percent to 98.329. The uncertainty about the trade war lowered euro. Currency pair, EUR/USD is 1.1005 and futures in CME, euro FX-201912, 6EZ19 1.10260 as of 08:00(UTC)
In daily chart and four-hour chart, double-tops pattern is explicitly shown. This is a typical price-down pattern. And euro failed to break through the resistance line and downward trend line. And there isn't any trend-turning signal yet.
And it is vaild to watch the market with short bias.
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