Euro doesn’t lose the hope

The EUR/USD bulls drew the pair above 1.08

The EUR/USD rally showed that hope is stronger than the experience in the week ended April 24. The euro buyers expect a compromise in the issue of spending the resources of the €1-trillion rescue fund and the expanding of the list of assets to buy within the euro-area QE program. The buyers of the US stocks expect the gradual reopening of the US economy and the coronavirus vaccine. The rise of the US stock indexes allowed the EUR/USD bulls to draw the pair back above the bottom of figure 8. 

According to the Bloomberg…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>