EURUSD Overview, April 16

The EURUSD pair revolves without course around the 1.13 handle. The pair is trading inside a familiar range, between 1.1290 and 1.1320. On its way up, it broke above the 200 SMA.

Meanwhile, optimisam in the US-China trade talks keep on driving the more extensive sentiment in the global markets, despite the fact that there is no fresh news.

Looking forward, the upcoming release of the German ZEW Economic Sentiment has picked up significance in light of the ongoing slowdown in Euroland. The German ZEW survey is expected to turn positive.

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.