EUR/USD Review, June 8-12, 2020
08 июня 2020
The currency pair developed its growth last week and has broken out the 1.1285 resistance area. EUR/USD tests this level at press time.
The main reason for its growth was growing risks appetites due to the relaxation of quarantine measures. Investors are also positive about the opinion that the world economy is able to have V-shape recovery.
European bankers have decided to expand stimulus to 1.35 billion EUR. EUR/USD has added significantly after this decision as investors welcomed this step.
It is better to wait until the end of the 1.1285 testings. If EUR/USD rebounds this level, we expect the currency pair to start moving towards 1.1552.
