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EURUSD

EUR/USD is Trading on a Positive Note above the 1.13 Handle

June 11, 2020
EUR/USD Hourly (H1) Chart
EUR/USD Hourly (H1) Chart

EUR/USD: The pair is trading on a positive note and is back above the 1.13 handle by taking advantage of USD’s muted momentum ahead of the Fed policy decision update. While USD remains firm, a lack of attempt from USD bulls to build rally helped EURO recovery from previous session loss but prevented the pair from conquering the 1.1400 handle for now. Traders await US macro data updates and Fed policy rate decisions for short term profit opportunities and directional cues. 

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