EURUSD Overview, April 4

The reestablished bid tone around the EUR stays unaltered in the second half of the week, propelling the EURUSD pair to broaden the rebound from lows in sub-1.12 dimensions on Tuesday.

Spot is progressing for the second session in succession on today. Optimistic news around the US-China trade negotiations and some positive headlines around Brexit has been supporting the bounce in spot from lower levels.

Besides, there isn’t much on the economic schedule to move things along (the contraction in German factory orders is archived in the PMI studies already). In this way, if risk keeps on being uncertain, the pair should run between the 1.1210 and 1.1260 levels in front of the NFP release on Friday.

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.