EUR/USD defends 1.1000 ahead of key data, Powell's testimony
Wednesday, 13 November 2019 13:20 WIB | CURRENCIES |EUR/USD

EUR/USD trades better bid above the 1.10 handle ahead of the European open, having defended the last on several occasions in the overnight trades, Bears now await the key US inflation report and Federal Reserve (Fed) Chair Powell™s testimony for the next push lower. 

EUR/USD: 5-DMA at 1.1025 to limit the recovery gains?

The spot is seen somewhat benefitting from a pause in the broad-based US dollar rally after the US President Trump™s latest comments failed to offer any fresh details on the US-China trade deal while increasing the trade anxiety. The US dollar index trades around a flat line near 98.30, consolidating the rise to four-week tops of 98.42.

Source: Fxstreet

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