Currency markets reacted to the escalation of trade conflicts between the US and China. The US dollar weakened against traditional "safe haven assets". The euro, in turn, strengthened as well, trying to continue its upward trend. These movements in the currency market reflect the growing concern of investors about the prospects of the global economy and a possible recession in the U.S. The growth of EUR/USD starts from the area of 1.0750-1.0950, which we wrote about on Monday. When approaching the 1.1200 mark, resistance is still highly probable.