Major Pair, But No Major Moves Just Yet.

One of the most heavily traded currencies on the Foreign Exchange market, EURUSD, has been struggling. Though the pair has been ranging for some time now, the overall sentiment remains bearish, mainly due to the intense trade war between the U.S and China. Trump has blacklisted the giant Chinese telecommunication company, Huawei, and Google, one of America's most-prominent tech firms, announced it would not support Huawei in upgrades to Google's Android operating system. Elections for the European Parliament begin on Thursday, and eurosceptic parties may enjoy considerable gains, shaping future policy and even impacting the presidency of the European Central Bank. EUR/USD continues suffering from downward momentum on the four-hour chart, and also trades below the 50, 100, and 200 Simple Moving Averages. Moreover, the Relative Strength Index is above 30, not indicating oversold conditions. Overall, the outlook is bearish.EURUSD