EUR/USD

Currently trading at close to 1.0987, the EUR/USD has witnessed a 1.35 percent drop in the previous week. At the moment, investors are patiently waiting to listen to the speech of ECB’s President Lagarde, which may once again push the pair lower. More and more traders are looking to sell the pair in the wake of the ongoing increase in the USD as opposed to its competitors, as renewed China-US trade friction in addition to Brexit issues continue to make USD the safe-haven for them. For Euro, the short-term pattern is bearish which is likely to extend further.