EUR/USD Lost Momentum Gained from Pairs-Berlin Backed Relief Fund

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

EUR/USD: As risk sentiment declined in the global market over diminishing hopes for economic recovery, EURO bulls lost momentum gained from Pairs-Berlin backed relief fund. This, along with the resurgence of USD strength over increased risk aversion in the market, caused the pair to decline below 1.09 handle. Traders now await cues from US market hours for short term profit opportunities.

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

Was this post helpful?