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EUR/USD Mid-Session Technical Analysis for December 5, 2019
The Euro is trading higher against the U.S. Dollar on Thursday, but the price action has been limited. The inside trading range suggests investor indecision and impending volatility. The single-currency is trading higher this week with most of the rally being fueled by weaker-than-expected U.S. economic data. Mixed news about a U.S.-China trade deal has been helping to limit the price action. At 14:26 GMT, the EUR/USD is trading 1.1098, up 0.0021 or +0.19%. The main trend is up according to the daily swing chart. However, the rally stalled on Wednesday with the formation of a minor closing price reversal top. The ... (full story)
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