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EUR/USD: Bulls in control above 1.1100 starting out ECB week

1 month ago   |   By FXCM

Broad USD sell-off, risk-on mood underpins EUR/USD
EU recovery fund led optimism keeps EUR bulls hopeful.
Focus shifts to the Eurozone/ US PMIs ahead of the key ECB verdict.
Following the bounce from near 1.1100 in early Asia, EUR/USD has entered a phase of consolidated near 1.1140 region ahead of the European open, as the bulls await a fresh impetus for the next push above the 1.1150 mark.
Broad-based US dollar weakness remains the main underlying factor behind the EUR/USD uptick, as the escalating riots in the American cities continue to down the buck. Minneapolis George Flyods death's...
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