Euro remains under selling pressure during first half of the week, sending the EUR/USD pair to fresh lows of 1.1350 area on Tuesday. The Greenback is surging up amid risk aversion triggered by global growth worries that pushed the spot to three-week lows.
Moreover, US-China trade negotiations could not initiate meaningful discussion over key issues like violation of American intellectual properties by China.
Further fresh impetus will be provided by ZEW Survey of Germany and Euroland while Brexit talks are also under the limelight today.
Technical Levels to Consider
Immediate support for the pair is at 1.1350 ahead of 1.1300 and then 1.1270. On the flip side, immediate resistance is at 1.1390 ahead of 1.1420 and then 1.1470.
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