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14 Jul 2020

EUR/USD Price Analysis: A test of 1.1420 appears closer

  • EUR/USD keeps the firm note in the 1.1365/70 band on Tuesday.
  • A move north should see the 1.14 neighbourhood revisited.

EUR/USD is prolonging the rebound from Friday’s lows near 1.1250, managing well to retake last week’s tops in the 1.1370/80 band.

If the buying bias picks up pace, there is increasing chances of a move to the 1.1400 barrier ahead of June’s high at 1.1422.

Further out, as long as the 200-day SMA, today at 1.1050, holds the downside, further gains in EUR/USD remains well on the table.

EUR/USD daily chart

 

Jul 14, 2020

US Dollar Index Price Analysis: Potential test of the 96.00 area

DXY is alternating gains with losses in the 96.60 region on Tuesday, always against the backdrop of solid risk appetite trends favouring the risk comp
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Jul 14, 2020

AUD/USD stays directionless around 0.6950 ahead of US data

The AUD/USD pair rose toward 0.7000 on Monday but lost its traction in the late American session to close with small losses at 0.6940. On Tuesday, the
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