Developments of NAFTA are going on better

Agreement between Mexico and USA is going on better. (refers to new rules for auto industry. Consequently, The United States governments recommended tougher rules on vehicle’s construction. Canada saw the possibility there, to for Canada to join the new discussions.

The US Dollar raised, so EUR/USD droped. US dollar is superior over emerging market currencies even as the trade wars carry on.

The currency pair dropped and stabilized between our 1.1580 resistance level and the 1.1510 support level. We could see it moving downwards to the 1.1510 support line and even breaking it moving lower towards the 1.1445 support barrier. On the other side we could see it break the 1.1580 resistance line and aim higher for the 1.1640 resistance barrier.