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EUR/USD is Finally Bullish after Nearly Three Months of Steady Decline

EUR/USD: The pair has finally conquered 1.10 handle after nearly three months of steady decline led by Brexit and COVID-19 woes. Rapidly easing USD’s strength supported by improved risk sentiment in the global market also adds strength to EURO bulls. Still, the EURO needs to find strong fundamental support in the immediately foreseeable future to ensure that it can build on its current momentum and establish a breakout rally. Traders now await US data for short term profit opportunities.

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

TAGS: EUR/USDFundamental Analysis

Karthik Subramanian
May 28, 2020

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