EUR/USD pair shows a confident rebound.
- by George Solotarov
The combination of factors helped to ease the recent bearish pressure around the EUR/USD pair, which rather encouraged an aggressive short-term closing of positions on the final trading day of the week. The common currency found some support after the release of the better-than-expected PMI prints of the Eurozone - particularly from Germany, the largest economy in the region. The results of recent trading showed encouraging signs of the end of the economic downturn, suggesting that concerns about the Chinese Coronavirus have not yet materialized into business confidence levels.