As the ECB cuts rate and starts additional quantitative easing, the US Fed will be due for the Federal Funds Rate event this coming week.
The AUD/USD continues to climb as the tensions of the US China Trade War gets a break. Price action is likely to be sentimental in nature.
The EUR/USD failed to breach the middle bollinger band and is currently testing the strong sentiment and technical region of 1.1.
The US China Trade War continues to exert influence on the EUR/USD. The ECB interest rate event next week will be crucial.
The AUD saw a return of bullish momentum as China reports positive economic data. The US China Trade War continues to influence the market sentiment.
Since the start of the week, the EUR/USD has been drifting lower. This may change as upcoming economic releases may trigger volatility.