EURUSD | H4 | Technical Analysis

2019-12-05 20:44:11

Following weeks of limp and weak performance, the Euro to US Dollar ( EUR/USD ) exchange rate appears to be on track to sustain solid gains this week. A combination of poor US data and global trade concerns is causing US Dollar (USD) losses. After opening this week at the level of 1.1017, EUR/USD saw mixed movement until a shock contraction in US manufacturing was published.