EUR/USD is making recovery attempts from 200-DMA support and now tests daily highs in a bid to regain 5-DMA as the USD bulls take a breather after last week’s extensive rally.
The Business Climate in Germany grew in May to its highest level in five months. (107.7 vs. expectations 106.8). The published data showed that the largest economy in the Eurozone is getting better.
As mentioned last week, Market managed to hit below 1.1220 which indicate farther drop pressure to sustain over short-run where target now set toward 1.1110-20 zone.
