EUR/USD: The pair is trading positive in the global market with price scaling fresh multi-month highs as EURO scales 1.12 handle in a rally primarily influenced by USD’s weakness. While support package announcements from European governments provided some level of fundamental support, market activity today was led by USD’s decline in the global market. Traders now await US PMI’s for short term profit opportunities. 

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