In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we notice that attention is shifting to the euro.
We have now seen an interesting development from the EU. They have announced a €750 billion rescue fund to help European nations cope with the fallout of the COVID-19 pandemic. This is a very big policy change compared to previous actions taken. Ultimately, this is potentially very positive for the euro and European assets. Although, it does need approval from 27 other countries.
Shifting our attention to the charts, we are looking to buy the EURUSD above yesterday’s high of 1.1030. That same level in the EURGBP is 0.9000. Finally, in the EURJPY, above the monthly high of 119.00.
Attention Shifting to the Euro – Full Video Analysis
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