Potential fake-breakout on the EURUSD

Traders were left looking puzzled this morning as President Trump’s twitter account caused havoc in the currency market. Trump has called for negotiators to stop any ongoing discussions with the Democratic party as their requests were unrealistic. President Trump has gone from hero to zero in a matter of days as traders previously cheered is Covid-19 recovery. US equities now look fragile along with other risk on assets. The USD could find some strength when heading into the US session later today as traders begin to digest the series of tweets from Trump. The recent move on the EURUSD has left us questioning the … (full story)

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