Euro Range Bound with Bias to the Downside
Political concern in Germany and Italy still shrouds EUR/USD, as Merkel has announced her stepping down in 2021.
The pair's several attempts has since failed to break above the 1.1430 level and we maintain our stance on EUR/USD weakness, looking for price to test the 1.1300 level.
Apart from developments in the Eurozone, we will also pay attention to this Friday's Non Farm Payroll, which could further determine if the EUR/USD should drop further or make a rebound.
The pair's several attempts has since failed to break above the 1.1430 level and we maintain our stance on EUR/USD weakness, looking for price to test the 1.1300 level.
Apart from developments in the Eurozone, we will also pay attention to this Friday's Non Farm Payroll, which could further determine if the EUR/USD should drop further or make a rebound.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.