Direct from the desk of Dane Williams.
What a rollercoaster the Euro has been on since Covid-19 first hit markets!
We watched price crash in March, then subsequently claw back to EUR/USD swing high resistance at 1.14218.
Last weekend’s EU meetings to discuss how to allocate the 750 billion euro stimulus package provided the catalyst to break resistance and the bulls have been in charge all week.
EUR/USD Daily:
With risk-on market sentiment set to continue, we’re now watching for a possible retest of broken daily resistance as support.
Best of probabilities to you,
Dane.
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