The shared currency is looking to turn over the weekly leg lower and takes the EURUSD to the 1.1080 area on German data.

The pair interchanges gains with losses in early European trading in the second half of the week, dropping under moderate selling pressure following Monday’s highs in the 1.1160/65 band.

Spot explores the lower end of the range in the midst of no news from the US-China trade war. On the other hand, uncertainty in the UK political situation and Brexit saga stays on the ascent after PM Boris Johnson suspended the Parliament yesterday.

Later today, there are several sentiment gauges in the broader euro area along with key advanced German consumer inflation figures. During the early North-American session, another revision of the US GDP for the second quarter of 2019 will be the key driver.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.

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