EUR/USD huge downfall on after the bond market poor performance
Today, the currency pair “EUR/USD”
trades at a very low level with 50 pips down below the range currently
trading at level of 1.1120. While in the Asian trading session we see a
high risk appetite & hence forth the currency seems to be increasing
while the sentiments have begun to fade in the European session we
predict a lower worst in the American trading session. The announcement
of oil production cuts from Saudi Arabia and other oil producing
economies freeze while the announcement has downgraded the market
expectation has lower the demands with a sharp decline of 10.4. The
market sentiments have been standing for 52.4 with the expectations
below the assumption.
The
Currency pair “EUR/USD” that currently trades at 1.1141 on the opening
of US hours that may resume the trading activity after a long fallout in
the European trading session. Technically in H1 chart the currency pair
“EUR/USD” stood in a flat of 20 SMA while the price falls into bearish
level. While in American trading session can put again the currency into
a level of 1.1158
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