Positive news from the eurozone

Positive news from the eurozone is buoying the beloved single currency against the Czech koruna. Bears will have trouble trying to push the pair downwards because the euro finally receives good news from its economic activities. The euro to Czech koruna trading pair should climb towards its resistance before the second half of the month starts. The move will help bullish investors maintain the dominance of the 50-day moving average against the 200-day moving average in the trading sessions. Moreover, The EU statistics agency announced earlier today that it believes that consumers have immediately returned to shops in May after the lockdowns were eased. The agency said that it estimates a sharp rebound in sales on the month following sharp declines in March and April. Aside from that, a survey found that investor morale in the bloc is starting to gradually recover after the coronavirus pandemic struck the region harshly.