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Home ANALYSIS

EUR/USD continues the incredible breakout — eyes the session high

A.R Chowdhury by A.R Chowdhury
June 5, 2020
Reading Time: 1 min read
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EUR/USD continues the incredible breakout — eyes the session high

EUR/USD with a classic breakout

EUR/USD with a classic breakout

The breakout in the euro has been incredible — a 9-day rally.

The break of the 1.1000/20 range has led to non-stop buying and today has been the best day yet. The bears attempted to sell EUR/USD after the statement and again after Lagarde’s press conference but now the pair is just a few pips away from the earlier high of 1.1362.

There isn’t much now blocking a return to the March high of 1.1495.

More broadly, the dollar and yen are under some fresh pressure as risk trades tick a bit higher.

For bank trade ideas, check out eFX Plus

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A.R Chowdhury

A.R Chowdhury

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