Home EUR EUR/USD trades near monthly lows 1.1820

EUR/USD trades near monthly lows 1.1820

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9th October 2020

EUR/USD rallies to 2-week highs at 1.18.
USD loses ground hitting multi day lows.
Risk on trading Friday.

EUR/USD adds to gains trading at fresh 2-week highs near 1.1820 .

EUR/USD strengthens on USD weakness

EUR/USD extends gains above 55-day SMA (1.1797). Saw further pick up after breaking through the resistance line (off 2020 highs).

The USD trades lower at 93.20 a level last seen weeks ago. Demand for the greenback was weak amid rumours that stimulus talks were resuming.

Italian Industrial Production beat forecasts+7.7% month on month in August, supporting the idea of solid economic rebound In the US just August’s Wholesale Inventories along with the WASDE Report and the oil rig count by Baker Hughes appear on the economic calendar.

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Currencylive.com is a site operated by Wise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.