EURUSD Overview, March 14

After touching fresh highs near 1.1340, the EURUSD pair has now lost momentum and retreats to the 1.1315 zone.

Positive risk appetite trends have helped spot to bounce back from a week ago’s YTD lows in the 1.1180 area to yesterday’s fresh highs in the limits of 1.1340. The bias stays bullish.

Today’s economic data, highlighting the final German and French CPI figures for February and US data – New Home Sales, Initial Claims and Export/Import Prices, will currently be viewed for some short-term trading opportunities.

 

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.