EUR/USD has surpassed the key barrier at 1.19 the figure and advanced to fresh tops near 1.1970 on Tuesday, just to face some correction lower so far on Wednesday. The FOMC minutes due later today could set the tone for the dollar while the 1.20 level is just around the corner, FXStreet’s Pablo Piovano reports. Key quotes “Investors’ preference for riskier assets remains bolstered by hopes of a quick and strong economic recovery as well as the development of a COVID-19 vaccine.” “The greenback is forecasted to remain under the microscope in light of the release of the FOMC minutes later in the NA session.” “The continuation of the bull run should see the psychological 1.20 neighbourhood re-tested in the short-term horizon. On the opposite side, the pair is navigating the overbought territory, which could morph into some interim correction in the near-term. That said, the 1.1700/1.1690 band is expected to offer solid contention in case sellers regain some (temporary) control.” 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 VeChain Technical Analysis: VET/USD must defend this support range at all costs FX Street 2 years EUR/USD has surpassed the key barrier at 1.19 the figure and advanced to fresh tops near 1.1970 on Tuesday, just to face some correction lower so far on Wednesday. The FOMC minutes due later today could set the tone for the dollar while the 1.20 level is just around the corner, FXStreet’s Pablo Piovano reports. Key quotes “Investors’ preference for riskier assets remains bolstered by hopes of a quick and strong economic recovery as well as the development of a COVID-19 vaccine.” “The greenback is forecasted to remain under the microscope in light of the release of the FOMC minutes… 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.
