EUR/USD, Fundamental Analysis

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

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.

Please feel free to share your thoughts with us in the comments below.

TAGS: EUR/USDFundamental Analysis U.S Senate

Karthik Subramanian
May 13, 2020

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