EUR - BULLISH
1️⃣ The euro held steady at $1.195 on Wednesday, its strongest level since May 2018, as investors monitor a new round of Brexit talks and as the greenback remained around two-year lows amid a lack of progress in US relief package negotiations.
2️⃣ European Union has approved a landmark 750-billion-euro package in July and ECB has extended a quantitative easing program while US lawmakers are still battling over a new coronavirus aid.
USD - BEARISH
1️⃣ Dollar remaining at the lowest level since May 2018 as investors digest concerns about the US economic recovery, uncertainty over whether US lawmakers would strike an agreement on a new coronavirus relief package, and mounting US-China tensions.
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TECHNICAL
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- We long EURUSD on RBS level + SMA50 area.
- EURUSD in bullish zone.
1️⃣ The euro held steady at $1.195 on Wednesday, its strongest level since May 2018, as investors monitor a new round of Brexit talks and as the greenback remained around two-year lows amid a lack of progress in US relief package negotiations.
2️⃣ European Union has approved a landmark 750-billion-euro package in July and ECB has extended a quantitative easing program while US lawmakers are still battling over a new coronavirus aid.
USD - BEARISH
1️⃣ Dollar remaining at the lowest level since May 2018 as investors digest concerns about the US economic recovery, uncertainty over whether US lawmakers would strike an agreement on a new coronavirus relief package, and mounting US-China tensions.
=====
TECHNICAL
=====
- We long EURUSD on RBS level + SMA50 area.
- EURUSD in bullish zone.