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Analysts at JP Morgan offer their technical outlook on trading EUR/USD in the near-term, with a bullish shift in the view.

Key quotes

“The move above 1.0900/10 was a technical break.

Although 1.1010/30 is the bigger level on the topside. 

Earlier this year, JP Morgan Analysts, EUR/USD was likely to end-2020 at 1.11 vs. 1.14 previous estimate.

Investor confidence in Europe especially susceptible to coronavirus impacts.”