EUR/USD eased from a 22-month high of 1.1781 and has bottomed for the day at 1.1698, from where the pair is slowly recovering as it retains its bullish stance in the short-term, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The technical stance is bullish despite the ongoing bearish correction, as, in the 4-hour chart, the pair continues to develop above a sharply bullish 20 SMA, which currently stands at 1.1660 providing dynamic support. The larger moving averages gain strength upwards below it, while technical indicators are regaining the upside after correcting extreme overbought conditions.” “The US Senate Republicans presented their coronavirus relief proposal. It includes another round of $1,200 in direct payments to individuals, more money for the Paycheck Protection Program, a reduction in federal unemployment benefits from $600 to $200, and more than $100 billion for reopening schools. That said, it’s just a proposal that has yet to get the approval of Democrats.” 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 US: CB Consumer Confidence Index falls to 92.6 in July vs. 94.5 expected FX Street 3 years EUR/USD eased from a 22-month high of 1.1781 and has bottomed for the day at 1.1698, from where the pair is slowly recovering as it retains its bullish stance in the short-term, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The technical stance is bullish despite the ongoing bearish correction, as, in the 4-hour chart, the pair continues to develop above a sharply bullish 20 SMA, which currently stands at 1.1660 providing dynamic support. The larger moving averages gain strength upwards below it, while technical indicators are regaining the upside after correcting extreme overbought conditions.” “The US Senate Republicans presented… Regulated 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.
