EUR/USD is Trading Mostly Flat in the Global Market Today

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

EUR/USD: The pair is trading mostly flat in the global market today. But price action shows a clear dovish bias as news of new covid-19 victims in Germany once lockdown measures caused EURO bulls to come under pressure. But news of COVID-19 outbreak among White house staff added pressure on USD helping keep decline in check. The price remains in the lower half of 1.08 handle now and cues from Fed speech later in the day will help provide directional bias as trading session gains momentum for the week. 

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