EUR/USD, Fundamental Analysis

EUR/USD is Trading Positive Given Solid Fundamental Surrounding EURO

EUR/USD: The pair is trading positive given solid fundamental surrounding EURO bulls stemming from European commission’s corona aid relief package. The pair has consolidated its hold above 1.11 handle and trades Rangebound in 1.1120/30 range aided by strength from prevalent USD’s weakness. But, broad market caution ahead of President Trump’s response to China prevented the pair from posting further gains. Traders now await Powell Speech and President Trump’s response for short term directional cues and macro data updates for profit opportunities.

TAGS: EUR/USDFundamental Analysis

Karthik Subramanian
May 30, 2020

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