EURUSD Daily Outlook - Risk appetite returned last week as traders seemed hopeful that coronavirus vaccine trials could see more progress and that the economies around the world could slowly open up.
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Tensions between the U.S. and China remained in play, though, especially since signs of conflict are brewing in Hong Kong again.
On Tuesday we’ll be eying the German Consumer Confidence, Mexico’s GDP, and the US Consumer Confidence.
Today I’m looking at the EUR/USD pair which continues to range beautifully between 1.099 and 1.077 as we talked about last week.
The pair was unable to break above the daily Ichimoku cloud and is on its way down towards the lower band of the range, creating yet another opportunity for medium-term range traders.
Will you be taking advantage of this range? Do you think a new trend will develop soon? Head over to the comments section and let me know.
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