MonsunAsia

EURUSD - Bearish Bias

Short
FX:EURUSD   Euro / U.S. Dollar
EUR - BEARISH
1️⃣ Amid concerns about rising COVID-19 infections and lockdowns across the globe.
2️⃣ European Union leaders made no progress toward resolving a dispute to unlock a €1.8 trillion budget and pandemic recovery package

USD - BULLISH
1️⃣ Amid increasing uncertainty over further stimulus after Treasury Secretary Mnuchin said he will let the Fed’s emergency lending programs to expire by the end of the year.

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Technical
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We are selling the EURUSD at the resistance of 1.18800 on the H1 chart.

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