Review of EURUSD

The EUR/USD pair has stabilized above 1.10 mark amidst trade pessimism. At the moment, dollar is enjoying a safe haven position even as euro continues to struggle as a result of a dimmer scenario for exports from Germany to China. Earlier Beijing had expressed optimism regarding removal of duties, but has now gone silent. The EUR/USD pair is struggling owing to Germany’s WPI or Wholesale Price Index, which has come down by 0.1 percent. The European market is also gloomy as a result of the parliament in Spain for a second consecutive time in 2019. Furthermore, if the political parties fail to establish a fresh government, then it will again have an impact on the EUR/USD pair.