EUR/USD BOUNCES OFF LOWS, REGAINS 1.1760
The pair rebounds from earlier lows in the 1.1730 region. The greenback remains subdued albeit still above 94.00. ECB-speak, trade, risk trends driving sentiment in the pair. After briefly testing daily lows in the proximity of 1.1730, EUR/USD managed to get some traction and is now flirting with session tops in the 1.1760 zone. EUR/USD looks to ECB, data Spot is looking to add to yesterday’s small advance after once again failing to move further north of the critical 1.1800 the figure. The hawkish message from President Mario Draghi at his speech before the European Parliament sponsored the bull run to the 1.1800 handle and above, although the move lacked of follow through. In the meantime, US-China trade jitters appear to be almost fully priced in by market participants, removing its relevance as a market mover, particularly for the greenback. Event wise in Euroland ECB Board members P.Praet and B.Coeure are due to speak. Across the pond, ...
