- EUR/USD remains depressed as the US and China draw further apart.
- Tension towards the European elections also weigh.
- The technical outlook is bearish for the currency pair.
EUR/USD has the blues this Monday morning. The trade war between the US and China is not going away and even getting worse as Google is limiting its interactions with Huawei, the Chinese telecommunications giant. The search engine firm and other major US companies are acting in response to President Donald Trump's blacklisting of the firm. The administration said that its motives are related to security but it is impossible to separate the moves against Huawei from the broader trade picture
The US dollar is gaining some ground on the damp market mood, and the euro is in retreat. And the common currency has its own reasons to fall. Around 400 million people are eligible to vote in …