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FX.co ★ Evening review for May 13, 2020

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Forex Analysis:::2020-05-13T15:07:35

Evening review for May 13, 2020

Evening review for May 13, 2020

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.

Analyst InstaForex
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