EUR/USD has Recovered From Losses Incurred in the Previous Session

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

EUR/USD: The pair has recovered from losses incurred in the previous session and displays stability above the mid-1.08 handle. But most of these gains are from broad market USD sell-off influenced by risk sentiment rather than EURO’s own fundamental support. This suggests a possibility of the pair moving back below 1.08 handle in case of recovery in USD. Traders now await U.S. senate update and macro data for short term profit opportunities. 

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