EUR/USD Outlook (31st May 2019)
A solution to illegal immigrants?
Muted EUR/USD price movement
Price Movement
Since yesterday, EUR/USD has been moving indecisively within a 30pips range.
Trend
EUR/USD is trending downwards.
Important Issue
This morning, President Donald Trump tweeted:
“On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied at which time the Tariffs will be removed.”
Technical
EUR/USD is slowly moving towards the 1.11 key level.
Price Levels
Current Price: 1.11299
Next Resistance: 1.12300
Next Support: 1.10124
