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US Dollar sell-off boosted the Euro above 1.15 – EUR/USD Market Outlook – 22/07/2020


The Euro printed 9-month highs above 1.1540 as the EU fiscal deal and progress on the coronavirus vaccine boosted demand for the risk assets and weighed over the safe-haven US dollar, which took a beating across the board. Despite the RSI reporting overbought conditions on the Daily and 4-hour timeframes, there are no signs of buyer exhaustion on the price chart yet. The bias remains bullish and the pair could challenge resistance at 1.1570 during the day ahead.

Support: 1.1495 / 1.1460
Resistance: 1.1570 / 1.1625

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/us-dollar-sell-off-boosted-the-euro-above-1-15-eur-usd-market-outlook-22-07-2020
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