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April, 16 - traders are tired of EUR/USD uncertainty

Economic sentiment and macroeconomic data that came out of Germany just a few hours ago must have scared traders as they have dropped euro against the dollar vary fast. It seems that European officials are not sure in the strength of euro for the nearest future as well as do not see the possibilities for European economy to grow in the second half of 2019 which is a pretty bad news all by itself, by mix it up with political instability around Brexit and it seems that we might have a catastrophe on our hands.

 

eurusd 16.04.2019

 

Traders must be so tired of this uncertainty and lack of support that even report for the distant future can cause a lot of trouble for the European currency. Traders swiftly dropped EUR/USD couple as soon as they heard the news.

 

There is no certainty as to what direction eh chart is going to embrace next. Trading signals is our only savior in current situation.

 

 

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