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EUR/USD next move
Euro / U.S. Dollar
EUR/USD next move
By Bizintra
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Aug 4, 2020
2
Aug 4, 2020
EUR/USD has bounced back after two days of losses amid the ECB announcing it will provide stimulus needed to support the economy.
Uncertainty around the next US fiscal package & the continued spread of corona virus are weighing on the dollar again.
Price met resistance at 1.1801, if price can breach this level we could see buyers again charge towards 1.1900.
If Bears regain control we could see a retracement towards 1.1700.
Support: 1.1700 - 1.1643
Resistance: 1.1810 - 1.1863
Trend Analysis
Bizintra
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