We still see EURUSD moving higher as long as it doesn't consolidate below key support at 1.13 as it has strong upward momentum since the FED emergency 50 bps rate cut. However, the currency pair could drop if the ECB cuts rates on Thursday and due to further downward pressure as a result of the severity of the impact of the coronavirus on Italy.
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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.