EUR/USD is hovering around 1.1750 after hitting a fresh September low of 1.1719 as the second coronavirus wave in Europe keeps the shared currency under pressure. The pair is technically bearish and could lose the 1.1700 threshold, FXStreet’s Chief Analyst Valeria Bednarik briefs. Key quotes “The shared currency remains under pressure amid mounting coronavirus-related concerns, as several countries have announced new restrictive measures.” “Powell is set to reiterate the Fed’s outlook on the economy, that is showing a ‘marked improvement,’ but also that the future is highly uncertain and depends on controlling the coronavirus pandemic. His prepared speech also notes that the need for more help from Congress, which continues to disagree on a coronavirus aid-package. “In the 4-hour chart, the EUR/USD pair remains below all of its moving averages, with the 20 SMA losing bearish momentum but holding below the larger ones. Technical indicators, in the meantime, remain near their daily lows although without clear directional strength.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ChainLink Price Prediction: LINK could slip to $8 according to several indicators FX Street 1 year EUR/USD is hovering around 1.1750 after hitting a fresh September low of 1.1719 as the second coronavirus wave in Europe keeps the shared currency under pressure. The pair is technically bearish and could lose the 1.1700 threshold, FXStreet’s Chief Analyst Valeria Bednarik briefs. Key quotes “The shared currency remains under pressure amid mounting coronavirus-related concerns, as several countries have announced new restrictive measures.” “Powell is set to reiterate the Fed’s outlook on the economy, that is showing a ‘marked improvement,’ but also that the future is highly uncertain and depends on controlling the coronavirus pandemic. His prepared speech also notes… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
