EUR/USD huge downfall on after the bond market poor performance

 

 

Today, the currency pair “EUR/USD” trades at a very low level with 50 pips down below the range currently trading at level of 1.1120. While in the Asian trading session we see a high risk appetite & hence forth the currency seems to be increasing while the sentiments have begun to fade in the European session we predict a lower worst in the American trading session. The announcement of oil production cuts from Saudi Arabia and other oil producing economies freeze while the announcement has downgraded the market expectation has lower the demands with a sharp decline of 10.4. The market sentiments have been standing for 52.4 with the expectations below the assumption.

The Currency pair “EUR/USD” that currently trades at 1.1141 on the opening of US hours that may resume the trading activity after a long fallout in the European trading session. Technically in H1 chart the currency pair “EUR/USD” stood in a flat of 20 SMA while the price falls into bearish level. While in American trading session can put again the currency into a level of 1.1158