EUR/USD is strongly recovered with the US dollar correction, and the commercial talks of the United States of China in focus

• EUR/USD recovers approximately 1.1300, as the US dollar falls from almost a month’s rise.
• Investors are focusing on the trade talks of the United States of China on Saturday, where Lootnick told us that he is confident in not escalating in the Chinese -American trade war.
• The European Central Bank Rin says that the direction of inflation in the euro area is intact and that economic expectations are dark.

EUR/USD connections date back to approximately 1.1300 during the trading hours in North America on Friday from more than three weeks in about 1.1200 earlier in the day. The main currency pair bounces again as US dollar (USD) regains caution before commercial conversations between US (The United States) and China scheduled for Saturday.

The US dollar index (DXY), which measures the value of Greenback for six main currencies, is correct to approximately 100.40 from the highest level of 100.85 published earlier in the day.

Investors will pay close attention to the discussions of the United States of China in Switzerland on Saturday. China is the second largest US Import market after Mexico, according to the US Comtrade database on international trade. In addition, the trade war between Washington and Beijing is the main operator behind the descending reviews of global economic growth, given the cost competitive advantage in China.

The White House expressed confidence that the war of tariffs between the United States and China would get rid of depression after the meeting. “Edge and bring Rates “Lottennik has also shown confidence that Washington” will create more deals during the next month, “US Trade Minister Howard Lootnick said in an interview with CNBC on Thursday.

Meanwhile, US President Donald Trump indicated that the customs tariffs on China can be reduced to 80 % through a job on the truth. “80 % tariffs on China seem correct! It is up to Bessin’s silence,” Trump said.

Digest Market Mark: EUR/USD gains at the expense of the US dollar

• The recovery in the euro/US dollar pair also moved with the superiority of the euro (EUR) against its peers on Friday. The euro is progressing despite the European Central Bank officials (ECB) showing confidence that inflation is going on the right path to return to the goal of the central bank of 2 %, and concerns about economic expectations.
• “Inflation in the right track and the growth expectations of growth, if confirming this in our expectations in June, then in my opinion to achieve the goal of 2 % similar inflation in the medium term, said the correct reaction in monetary policy to reduce prices,” said ECB Policy Maker and the Central Elle Rhn Central During European Trading Hours. In general, the euro weakens performance when European Central Bank officials prefer to expand monetary policy.
• Meanwhile, investors are waiting for the United States to respond with regard to the counter -tariff measures announced by the European Union Committee (EU) on Thursday. During European trading hours, a member of the European Central Bank Board of Directors “The euro zone inflation depends on the revenge of the European Union for the United States,” said Gidiminas šimkus.“
• On Thursday, the European Commission launched a public consulting paper containing potential counter measures in response to the American definitions. The paper showed counter -measures on up to 95 billion euros of imports in the United States if commercial talks fail to provide a satisfactory result of the mass, which is less than 100 billion euros reported by Bloomberg on Tuesday.

Technical Analysis: EUR/USD bounces strongly from EMA for 20 days

EUR/USD continues to find bids near the 20 -day SIA moving average (EMA) around 1.1250.

The relative strength index remains for 14 days (RSI) within the range of 40.00-60.00, indicating that the upscale momentum is now over. However, the bullish bias still prevails.

Looking at the top, the psychological level of 1.1500 will be the main resistance of the husband. On the contrary, the highest level on April 3, 1.1145 will be a major support for euro bulls.