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The Euro flips bearish as equity futures gap down – EUR/USD Market Outlook – 15/06/2020


The Euro flips bearish as stocks turn risk-averse on heightened fears of the second wave of the coronavirus outbreak as Japan, China, and the US report a jump in the COVID-19 cases. The pair gapped down on Monday morning following the US equities futures. Looking ahead, the equity markets will be the main indicator for this pair. If stocks continue selling-off than profit taking will likely resume today pushing the shared currency lower, possibly below 1.12 and 1.1150.

Support: 1.12 / 1.1150
Resistance: 1.1265 / 1.1320

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/the-euro-flips-bearish-as-equity-futures-gap-down-eur-usd-market-outlook-15-06-2020
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