Market Overview

Midday EURUSD roundup

USDX fell back to 95.00 on DXY, the fellow major resistance that may come support. Dollar is still under pressure after Trumps comments about Fed policy. EURUSD is trading near 1.1600, on two weeks highs from 1.1570 at the day start.

Bullish: Trump’s words he is “not thrilled” by FOMC active rates hikes.

Bearish: possible correction after short-term overbought for the pair

Next focus on: U.S. Existing Home Sales at 14: GMT and FOMC Minutes publication on 18:00 GMT.

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