EURUSD is trapped in the consolidation channel since May 02 after it bounces from the 1.11300 as the release of weaker economics for the dollar. From the start of this week, the pair failed to make an impulsive momentum but trapped in 1.12150 – 1.11500 region. The pair had suffered a slight descending effect post-release of Chinese CPI, and PPI reports. In the meantime, the market concentrates over the rising U.S.-China trade disputes. However, the investors set in a positive tone amid talk resumptions. The Chinese officials are planning for a Washington visit to continue negotiations with the U.S. counterpart.In one hour time frame, we can see that the hourly trend line is broken and retested at 1.11950, and now expected to test the nest support at 1.11700 and further down at 1.11500 breaking the consolidation channel downside.The market may stay bearish over this pair,if the U.S March Trade Balance is released as stronger than expected. U.S. Jobless Claims are the next up in the list for the day. The Consensus estimates the unemployment figures to decrease slightly by around 1% this time. In the meanwhile, about 12:30 GMT, Fed’s Powell will address on the economic outlook of the region.

EURUSD TODAY:
Daily open: 1.11915
Daily Last high: 1.12033
Daily Last Low: 1.11735
Daily current growth: -0.05%