EUR/USD Review, July 6-10, 2020
06 July 2020
The currency pair had no tendency last week. EUR/USD stays below 1.1285.
The lack of tendency is the market reaction to the uncertainty. The number of COVID-19 cases rises in the world and the optimism was substituted by the wait-and-see attitude. There is a probability of new quarantine restrictions in several countries, which may lead to the pessimism again.
We recommend tracking the news attentively. The price is likely to stay close to the current levels. We expect EUR/USD to test 1.1285 again.
