UPDATE for $EURUSD
We expect the pair to target mainly the resistance level 1.114, after the pair had broking the descending trend and formed two bottoms and two very positive peaks at 1 and 2, as well as the weakening of the dollar strengthens this theory.
From the fundamental side, the United States is experiencing a strong increase in the number of infections and deaths due to the emerging Corona virus, knowing that the virus has not reached its high peak yet, which strengthens the hypothesis of the dollar deficit.
From the fundamental side, the United States is experiencing a strong increase in the number of infections and deaths due to the emerging Corona virus, knowing that the virus has not reached its high peak yet, which strengthens the hypothesis of the dollar deficit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.