Euro enjoys the calm

The EUR/USD needs a fresh driver

The markets now enjoy calm after the storm. After jumping up and down in the February-March period, the EUR/USD is slowly moving in the range that becomes narrower. Bulls can’t drive the price above 1.09, bears can’t break through the support at 1.07-1.0775. The pair needs fresh drives to exit the trading range, but there isn’t yet any new driver. 

The euro is supported by the US stocks that have stabilized amid a drop in the US jobless claims and a rise in the Chinese industrial production by 3.9% Y-o-Y in April. However, China’s retail sales…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>