EUR/USD has fallen to 1.1763 during European trading hours, as local indexes plunged, spurring risk aversion as concerns about economic growth hit the financial world amid a second coronavirus wave in the EU. The pair is ready to pierce the monthly low at 1.1735, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The sour sentiment is the result of a second coronavirus wave hitting the EU and local lockdowns announced. The sour sentiment was exacerbated by news that a second participant in AstraZeneca trials of a vaccine has developed serious neurological symptoms. German FinMin Scholz said this Monday that German debt will likely reach the 80% of the GDP, and subtly referred to EUR’s appreciation, as he added that the ECB is currently faced with a strengthening currency.” “From a technical point of view, the 4-hour chart shows that EUR/USD has extended its slump below all of its moving averages, with the 20 SMA extending below the larger ones. Technical indicators head lower, although with uneven strength.” “The Momentum remains within positive levels, as the pair remains above its monthly low at 1.1736, the immediate support.” 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 ECB’s Lagarde: We are attentive to the euro’s appreciation FX Street 1 year EUR/USD has fallen to 1.1763 during European trading hours, as local indexes plunged, spurring risk aversion as concerns about economic growth hit the financial world amid a second coronavirus wave in the EU. The pair is ready to pierce the monthly low at 1.1735, Valeria Bednarik, Chief Analyst at FXStreet, reports. Key quotes “The sour sentiment is the result of a second coronavirus wave hitting the EU and local lockdowns announced. The sour sentiment was exacerbated by news that a second participant in AstraZeneca trials of a vaccine has developed serious neurological symptoms. German FinMin Scholz said this Monday that… 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.
