The European stock markets opened the trading day with declines, with the fall in oil prices and in the shadow of possibility Trump impose a border tax which would hurt the global trade.
Official Summit Finance Ministers of the G20 countries held in Germany over the weekend still shaking slightly the markets.
In the conference, during which the finance ministers gather in twenty major countries in the global economy, made a decision to give up protectionist trade policies.
The main crystallized consensus on the existence of free international trade is open, however, other voices in Washington on the part of Trump, wants to impose “no limits” which could increase the new protectionist policies in the US and hurt global trade.
The geopolitical level, after the elections in the Netherlands, markets are facing two significant events , the elections in France next month and soon afterwards also in Germany
The finance ministers of the eurozone countries to discuss the possibility to make changes to Greece’s bailout program.
The main trend of the pair is a rising trend as seen on the 4 hours chart.
An opportunity to join this trend will be if the pair will break above the level of 1.1015 .
There is an open space of a rise up until around the level of 1.1250.