Daily Market Analysis 13|07|2020: EURUSD

Daily Analysis / Online Education

Daily Market Analysis 13|07|2020: EURUSD

Instrument: EURUSD

Intraday: Bullish

Technical Analysis

Buy position is envisaged if price trades above 1.13361 with take profit at 1.13641.
Alternative scenario: 
Buy position is envisaged if price trades above 1.36203 with take profit at key level 1.36472.
No major economic data with direct bearing on the currency pair.

Comment: The number of new cases of infection in Florida hit a new high yesterday supporting sentiment of a likely second lockdown of more businesses in the US. The common currency is envisaged to continue its recent bullish run against the Buck as investors look forward to the possibility of successful deliberation on the 750 billion-euro recovery fund this week. 

Analysis: SCRUM Team

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