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The Euro might pullback amid severely overbought conditions – EUR/USD Market Outlook – 09/06/2020


The Euro dipped back below 1.13 amid stronger US Dollar possibly on expectations that the Federal Reserve would strike an optimistic tone on Wednesday. The pair could continue to consolidate today between 1.1280 and 1.1320 unless one of these levels break, with the bears having a slight advantage over the bulls amid severely overbought conditions. The Eurozone Q1 GDP and Employment data is scheduled for today, however the focus remains on tomorrow’s FOMC Press Conference.

Support: 1.1280 / 1.1230
Resistance: 1.1350 / 1.14

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/the-euro-might-pullback-amid-severely-overbought-conditions-eur-usd-market-outlook-09-06-2020
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