The EUR/USD pair declined in the US session as dollar was boosted after investors reckoned that Trump administration would see an expansion of fiscal policy, boosting inflation and pushing up interest rates. Investors ar…
The EUR/USD pair declined in the US session as dollar was boosted after investors reckoned that Trump administration would see an expansion of fiscal policy, boosting inflation and pushing up interest rates.
Investors are betting that Trump will adopt policies that increase spending and debt as well as spur growth and inflation, which would boost green.
The ongoing downside is set to continue for this pair as the resistance level at 1.0686 is likely to act as strong barrier to the bulls and push the pair towards lower side.
To the upside, the immediate resistance can be seen at 1.0601 a break above will take the pair towards next resistance level at 1.0686.
To the downside, immediate support can be seen at 1.0556 levels, a break below will open the door towards next level at 1.0512.
