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Euro Outlook: EUR/USD, EUR/JPY Building on Bullish Support

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Euro Outlook: EUR/USD, EUR/JPY Building on Bullish Support

Key Talking Points:

  • EUR/USD holds to its recent range as buyers seek support from an ascending triangle
  • EUR/JPY builds on strong momentum but faces short-term resistance at key level from 2018

EURUSD
EUR/USD has kept to a range in the last three weeks as traders look for more data to consolidate momentum. So far, both sides of the coin have seen improving economic outlook as Covid-19 cases diminish, as the focus will likely be put on the NFP jobs data out this Friday for further guidance.
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