FX.co - Evening review for May 13, 2020

2020-05-13T15:07:35

Relevance until2020-05-14

Two factors collided around EURUSD on Wednesday afternoon:

Speech by Fed Chairman Powell, and a statement by the German Chancellor in support of the unity of the EU and the eurozone.

Euro volatility increased slightly.

You may consider purchases upon breaking through 1.0900 upwards,

You may consider sales after a breakdown at 1.0825. This is somewhat risky, but the entry point will be better.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Evening review for May 13, 2020