Trading signals

EUR/USD

EURUSD

Positive EU figures boosted demand for the single currency. However, the further upside of the euro is limited amid risk-off due to the virus outbreak in China.

 

The main scenario is a pull back towards the 1.1100 area.

An alternative scenario is a break below 1.1080. 

 

Trading recommendations

 

If the euro bounces from 1.1080, the tone would favor further gains towards 1.1100.  

The euro may fall to 1.1060 when sellers regain 1.1080.

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