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EURUSD

EUR/USD Trades with Positive Bias Created from USD’s Strong Decline

June 5, 2020
EUR/USD Hourly (H1) Chart
EUR/USD Hourly (H1) Chart

EUR/USD: The pair continues to trade with positive bias as the rally created from USD’s strong decline in the international market pushed price above 1.13 handle. ECB’s decision to keep interest rates unchanged and the German government’s 130 Billion Euro support package provide great fundamental support to common currency resulting in pair maintaining solid upward price momentum while traders await fresh cues from US data for short term profit opportunities. 

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