The EURUSD pair is struggling for a clear direction close to 1.1135 and looks to turn around three successive daily pullbacks, albeit bullish attempts stay limited by trade concerns, contracting German yields and the potential heightening in strains between Brussels and Italy.

Later in the session, key event will be the second estimate of US Q1 GDP. Also, a less interesting economic release from the Eurozone: prelim inflation figures in Spain.


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.