EURUSD Daily Outlook – On Thursday we found out that the U.S. Weekly jobless claims total 2.9 million, bringing coronavirus tally to 36.5 million, and Canada March factory sales slumped by the most in over 11 years. But Bank of Japan’s Kuroda said no need to deepen negative rates now. In other news, UK Prime Minister Boris Johnson’s top team of ministers agreed that Britain will not give up its rights as an independent state.
Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.
On Friday we’ll be looking at the German and Eurozone GDP, as well as the US retail sales.
Today I’m looking at the EUR/USD pair which continues to be supported at 1.0776 and ranging below 1.099.
The Ichimoku cloud has turned horizontal as well so a medium-term trading strategy could be range trading between the two key levels. Right now, the pair appears to be bouncing off the support which could be an interesting buying opportunity.
Do you think the EUR/USD will continue to range? Head over to the Comments section and let me know.
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