EURUSD Forecast: Losing upside momentum on German GDP figures

The EUR is losing part of optimism and is presently provoking the EURUSD pair to come back to the limits of 1.12 the figure in the wake of German GDP figures.

Spot facilitated some ground after readings for GDP figures in Germany showed the economy is expected to growth at 0.4% in the first quarter of the year and 0.6% on an annualized premise.

The EUR has recovered some balance on Wednesday after tensions around the US-China trade war has softened.

All in all, trade negotiations and tweets from Trump stay in the focus.

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.