EURUSD has consolidated above resistance at 1.11 and we see continued upside potential for the currency pair due to the FED emergency 50bps rate cut yesterday due to the coronavirus. This in conjunction with the ECB indicating that it is unlikely to change monetary policy due to the coronavirus leads us to hold our long view.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.