Daily Market Analysis 29|06|2020: EURUSD

Daily Analysis / Online Education

Daily Market Analysis 29|06|2020: EURUSD

Instrument: EURUSD

Intraday: Bullish

Technical Analysis

Buy position is envisaged if price trades above 1.12669 with take profit at 1.13098.
Alternative scenario: 
Sell position is envisaged if price trades below 1.12316 with take profit at 1.12068.
No major economic data with direct bearing on the currency pair.

Comment: The common currency is envisaged to regain some lost ground in today’s session as sentiment of renewed lock-down stand in the US owing to the rising number of new cases of infection in the populous states of California, Texas and Florida.  If the scheduled meeting between Angela Merkel and  Emmanuel Macron to get the union to agree on the recovery fund for the zone comes out successful, it will further boost the bullish run on the pair.

Analysis: SCRUM Team

Leave your thought here

Your email address will not be published.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

Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Wishlist 0
Open wishlist page Continue shopping