AswinPudya

Retest the trend channel

Short
OANDA:EURUSD   Euro / U.S. Dollar
Fundamental:
-. IHS Markit’s composite purchasing managers’index for the Eurozone in April to 13.5, by far its lowest reading since the survey began in mid-1998
-. Video conference of members of the European Council to discuss the EU’s response to the Covid-19 outbreak again highlighted the slow pace and complexity of decision making by the bloc’s leaders.
-. GfK measure of German consumer confidence, which plummeted to minus 23.4 from a positive 2.3 the month before; way below the forecast -1.7
-. US Dollar may rise on liquidity demand amid virus-induced risk aversion
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