A 750 billion euro stimulus package
From a technical point of view, on an intraday chart, EUR/USD is supported by a rising trend line and by its 50-period moving average (in blue). Readers may therefore consider the potential for further advance above support at 1.0990. The nearest threshold would be set at this morning’s top at 1.1035 and a second one would be set at set at horizontal resistance at 1.1055 in extension.
Source: TradingView, GAIN Capital
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