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22 Jun 2020

EUR/USD Price Analysis: Above the 200-day SMA could re-test 1.1400

  • EUR/USD bounces off recent lows in the 1.1170/65 band.
  • Immediately to the upside aligns June’s top at 1.1422.

Following a test of 2-week lows near 1.1170, EUR/USD is now attempting to extend the rebound further north of the 1.1200 yardstick.

If the bull run picks up serious pace, then there is the palpable chance of another visit of monthly peaks in the 1.1420/25 band (junio 10).

As long as the 200-day SMA at 1.1027 holds the downside, the outlook on the pair is seen as positive.

EUR/USD daily chart

 

Jun 22, 2020

China's Premier Li: Cooperation outweighs competition between China and EU

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Jun 22, 2020

BoE's Bailey: UK government would have struggled to fund itself if BoE had not expanded QE

The UK's government would have struggled to fund itself in the short-run it the Bank of England (BoE) has not expanded the quantitative easing (QE) pr
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