Intra-Day news and views and data to be released today – EUR/USD

AceTrader Team AceTrader

Intra-Day Market Moving News and Views

Update Time: 29 May 2020 04:30GMT

EUR/USD - 1.1086.. The single currency maintains a biddish tone in rather subdued Asian trading after yesterday's resumption of recent erratic rise to a near 2-month peak of 1.1093 due to continued broad-based euro buying vs usd, yen, gbp n chf following EU Commission's passing of the economic recovery fund, however, Asian traders are wary of taking euro higher as news of US press conference later today on China has dampened risk appetite due to increased U.S./China tensions.

For now, buying euro on dips is still favoured as the trend is your friend. Bids are noted at 1.1060-50 with stops touted below 1.1030 while offers are tipped at 1.1090/00 with stops above 1.1100.

The euro area countries will release a slew of eco. data, please refer to our EI page for details.

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AceTrader Team

AceTrader

Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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