FX.co - EUR/USD analysis for June 10, 2020 -FOMC meeting in focus : Potential for further upside continuation

2020-06-10T12:14:09

Relevance until2020-06-11

Corona virus summary:

EUR/USD analysis for June 10, 2020 -FOMC meeting in focus : Potential for further upside continuation

FED SEPS RETURN, NO MAJOR POLICY CHANGES FOR NOW

Technical analysis:

EUR/USD has been trading upwards. I see further upward continuation towards the levels at 1,1450-1,1490.

Trading recommendation:

EUR/USD is on the extended run to the upside (multi closes above 5SMA)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic