EURUSD Daily Outlook 24-07-20 – On Thursday we found out that the US weekly jobless claims turned higher as coronavirus jobs crisis inflicts more damage, Bank of England interest-rate setter Jonathan Haskel said he was worried that Britain’s economic recovery from the coronavirus crisis could be slow.
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 Markit manufacturing PMI from the Euro area and the US.
Today I’m looking at the EUR/USD pair which has been on a crazy bull run this week and just crossed above the key resistance level of 1.158 to reach a level that hasn’t been seen since October 2018. This is a big breakthrough and although we could see some temporary pullbacks, door may have opened for further long-term gains towards 1.18 and beyond to replicate the 2018 price action.
Do you think this is just the beginning for the EUR bulls or the gains will get capped soon? Head over to the comments section and let me know.
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