Evening review on EURUSD for May 29, 2020

EURUSD:

There is a signal of an upward movement, thus, we wait for a strong pullback for purchases. In the morning we recorded a profit on purchases. However, at present, there are no open positions.

Exchange Rates 29.05.2020 analysis

US Consumer Income / Expense Report for April Released:

Revenue dropped to -10%, while cost dropped to -13%.

RFE inflation fell to -0.4%.

EURUSD: consider purchases from a strong pullback, at least from 1.1040 and below.

Source: Evening review on EURUSD for May 29, 2020

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