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The Euro bulls in an attempt to take full control – EUR/USD Market Outlook – 01/06/2020


The Euro bulls remain in control amid optimism over the EU’s coronavirus 750 billion euros recovery fund proposed last month. Also, expectations that the ECB will likely boost the bond-buying at its monetary policy meeting this Thursday keep the bulls hopeful. Today, the Single currency will likely remain supported from the broad-based dollar sell-off, while holiday-thinned market conditions could help the pair to break above the 1.1150 resistance and push towards 1.12, if the German Manufacturing PMI beats market expectations.

Support: 1.11 / 1.1050
Resistance: 1.1150/ 1.12

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/the-euro-bulls-in-an-attempt-to-take-full-control-eur-usd-market-outlook-01-06-2020
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