EUR/USD: The pair is trading with slight dovish bias but still holds firm above mid-1.12 region over a decline in risk sentiment in European market hours. Firm USD and disappointing German trade balance data weighed down EURO bulls, but better than expected Euro area GDP helped limit decline keeping the price at familiar levels. Traders now await cues from US Fed meeting and macro data for short term profit opportunity and directional bias.
Please feel free to share your thoughts with us in the comments below.
Was this post helpful?
Let us know if you liked the post. That’s the only way we can improve.
