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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 185708, member: 65834"] EURUSD SURGES ABOVE 1.185 HANDLE AMID DOLLAR WEAKNESS [ATTACH type="full"]16995[/ATTACH] The single currency nudges higher versus its US counterpart in the early Asian hours on Monday, courtesy to the broad-based Dollar weakness. Investors prefer to shun the greenback due to the lack of progress on the US stimulus front which questions the prospect of the unfolding recovery. As of now, the currency pair is trading at 1.1867 level, up by 0.25%. Meanwhile, the upside remains limited owing to the second wave of coronavirus across Europe. In previous week, nearly 300K fresh cases were reported in Europe which has forced several member nations to impose tighter COVID-19 restrictions. Coming onto the previous session, EURUSD dipped to the intra-day low of 1.1826 level owing to the worries about Eurozone’s economic recovery after WHO warned ‘Europe’ for a serious surge in coronavirus cases. Besides, the preliminary estimates for the US Consumer Sentiment Index came at 78.9 versus the forecast of 74.1 which exerted an additional pressure on the EURUSD. As a result of which, the pair settled the day with a loss of 0.09% at 1.1837 level. Moving ahead, market participants should closely follow the German Buba Report and speech of FED chair Powell for short term trading impetus SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/219502732925434"]www.facebook.com/fxviewdotcom/posts/219502732925434[/URL] [/QUOTE]
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