The Euro is trading little higher against the US dollar on Tuesday as the market is placing itself for key risk events this week, including the FOMC and non- farm payroll report on Friday.
The currency market fails to cope with the fundamental drivers and a wave of negative sentiment stemming from trade talks as the talks start tomorrow while China's giant smart phone claims remain in air.
ECB President Mario Draghi tweaked his previous dovish comment by saying it is bad to guarantee additional financial support, while the Eurozone seems more somber than expected.
Market sentiment was aggravated as US prosecutors charged Huawei Technologies with robbing trade secrets and fraud by carrying out business with Iran and failing to uphold US sanctions.
The EUR / USD was thus benefiting from the US dollar's weakness and for the second consecutive day it rose above 1.1400 against greenback.
On the chart, the daily closing of EUR / USD moves to 1.1500 and 1.1530 can be augmented by more than 100 days of simple moving average( SMA) figures, while 1.1385, including 50 days of SMA followed by 1.1345, can provide immediate support in the U- turn of the pair
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