EUR/USD’s near-term outlook remains fragile in the low-1.1600s at the beginning of the week as the sentiment is still biased towards further downside and a drop below 1.1600 is on the cards, FXStreet’s Pablo Piovano reports. Key quotes “Tuesday’s presidential debate between Donald Trump and Joe Biden comes in with less than 40 days to the November elections, while the US labour market report will gather the bulk of attention in the end of the week along with another revision of the Q2 GDP and the ISM Manufacturing. Closer to home, ECB’s President Christine Lagarde speaks later on Monday and Wednesday along with other ECB-speakers, while preliminary inflation figures in Euroland for the month of September will also be under the microscope.” “The offered bias appears unchanged and it will not be surprising to see sellers attempting to breach the key support at 1.1600 the figure in the next sessions, particularly following positive results from the US docket. Despite this view, a deeper retracement to the relevant contention region around 1.15 (March tops) is still unfavoured.” “On the other hand, the recently broken key area in the 1.1700 neighbourhood has now become the next target of significance of occasional bullish attempts.” 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 Germany’s Merkel: Need to contain the virus while keeping the economy running FX Street 2 years EUR/USD’s near-term outlook remains fragile in the low-1.1600s at the beginning of the week as the sentiment is still biased towards further downside and a drop below 1.1600 is on the cards, FXStreet’s Pablo Piovano reports. Key quotes “Tuesday’s presidential debate between Donald Trump and Joe Biden comes in with less than 40 days to the November elections, while the US labour market report will gather the bulk of attention in the end of the week along with another revision of the Q2 GDP and the ISM Manufacturing. Closer to home, ECB’s President Christine Lagarde speaks later on Monday and… 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.
