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Business / Finance

The dollar continued to rise

MQL5: Blogs Traders 08.02.2019 at 10:32

Blogs traders and analyst of financial markets

EUR/USD

this morning the EUR/USD was steady, trading is still above 1.13. The US dollar held near two-week high on Friday, as demand for safe-haven assets rose amid uncertainty over the path of trade negotiations between the US and China and broader concerns over slowing global growth. Such fears were highlighted Thursday after the European Commission sharply reduced its forecasts for economic growth in the Eurozone this year, and then on expectations that the largest countries of the bloc will be constrained by global trade tensions and internal problems. Concerns about the global economy have also been compounded by comments by US President Donald trump, who said he has no plans to meet with President of China XI Jinping before March 1, to conclude the bargain.

the Descending channel remains up all week. The fall of the Euro may continue.