EUR/USD trades higher but gains capped by the late March highs for now

BY admin admin

EUR/USD is up on the day amid a weaker dollar but runs into resistance from the late March highs at 1.1147-63
See here for global coronavirus case data
The region above remains a key line in the sand limiting further gains in the pair after buyers had built on a break above 1.1000 and the 200-day MA

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Baidu ordered artificial intelligence chips from Huawei this year, alternative to Nvidia

<p>Via Reuters comes the news that Chinese firm Baidu, one of China's leading artificial intelligence firms ordered AI chips from Huawei this year. Reuters cited "two people familiar w

Forex

Germany's Merkel: we have 1st phase of coronavirus pandemic behind us

… But still at start Germany's&nbsp;Merkel is on the wires saying: See here for global coronavirus case data

Forex

Global Shares Weekly Analysis: SPX, Dow Jones, Nasdaq Correction? Time to Buy?

<p>&nbsp;The world of financial markets is a rollercoaster of ups and downs, with investors constantly seeking opportunities to maximize their returns. In this week's Global Shares Week

Copyright © 2024 | WordPress Theme: Xews Lite