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EURUSD
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[QUOTE="Terry_8, post: 186446, member: 65834"] EURUSD GIVES GAP DOWN OPENING AS CORONAVIRUS FEARS WEIGH ON EURO [ATTACH type="full"]17078[/ATTACH] EURUSD gave a gap down opening in the early Asian trading hours on Monday amid surging coronavirus cases across Europe that shatters the prospect of a ‘V-shaped’ recovery. Spain and France are the worst-hit nations with a total of 890K and 734K coronavirus cases and more than 32K fatalities each. Considering the surge in the number of Covid-19 cases, Europe is implementing strict social distancing norms and further lockdown measures. As of now, the pair is trading at 1.1820 level, down by 0.07% after having partially recovered from the gap down opening of 1.1808. Coming on to the previous session, EURUSD surged to the high of 1.1830, courtesy to the broad-based weakness in the safe-haven dollar. The hopes of addition US fiscal stimulus after US President Donald Trump restarted talks on a relief package with the Congress boosted the risk appetite of investors, thus benefiting EURUSD. House Speaker Nancy Pelosi did oppose the idea of stand-alone bills but acknowledged that discussions were still ongoing which kept the market is a risk-on mood. Subsequently, the pair settled the day at 1.1829, up by 0.61%. Moving ahead, the calendar is muted for today on account of US Bank holiday and, the only crucial event is the speech of ECB’s President Christine Lagarde. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/225681698974204"]www.facebook.com/fxviewdotcom/posts/225681698974204[/URL] [/QUOTE]
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