US-China negotiations begins – US dollar got weakness

Since negotiations between US and China begins, the US dollar weakened against other pairs. Markets seem to have increased their optimism about trade prospects ahead of the start of the negotiations.

EUR/USD rose on the end of the last week. It’s breaking the 1.1428 resistance line. We could see the pair rising even further, remaining above the upward trend-line. We could see it aiming if not breaking the 1.1482 resistance line. On the other side, we could see the pair breaking the 1.1428 support line and the prementioned upward trend-line, opening the way for the 1.1360 support level.