Euro Rally

EUR/USD Continues to Trade with Clear Dovish Directional Bias

EUR/USD Hourly (H1) Chart
EURUSD Hourly (H1) Chart

EUR/USD: The pair continues to trade with clear dovish directional bias against the US Greenback, given escalating death toll and resulting damage to the economy in Eurozone markets. USD remains backed by broad-based safe-haven demand and stimulus measures. The pair has seen a price decline below 1.10 handle and test intra-day lows of 1.0895 handle, which suggests positive US macro data later in the day would result in pair declining well below the mid-1.08 handle. 

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