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EUR/USD: Bears take a breather above 1.1000 ahead of a Big week

Monday, 11 November 2019 12:33 WIB EUR/USD

Sellers catch their breather after the five-day losing streak, allowing a brief phase of consolidation in EUR/USD above the 1.1000, having tested the three-week lows of 1.1017 reached last Friday. Trade news and US/ Eurozone macro data to play key roles The spot is seen wavering up and down within a 10-pips narrow range so far this Monday, as markets await fresh updates on the US-China trade front as well as the big economic releases from both sides of Atlantic in the week ahead for the next direction. The US docket sees the releases of the US CPI data and Fed Chair Powell’s testimony while the EUR calendar headlines the Eurozone growth figures. Meanwhile, the US dollar index sits at...

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