Euro Rises To A Fresh 4-Month High

Wednesday, 22/07/2020 | 14:42 GMT-0

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The common currency posted a fresh four-month high on Tuesday.

The gains were driven by the news that the EU leaders agreed to a new EU wide grants package.

This, alongside a weaker dollar, contributed to gains in the EURUSD.

The pair is now into its third consecutive session of gains.

Prices reversed direction after hitting the trend line and bouncing off the support.

Given the current bullish momentum, the EURUSD is within sight of testing the 1.1500 handle next.

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Source: https://www.orbex.com/blog/en/2020/07/euro-rises-to-a-fresh-4-month-high

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