EURUSD falls on dollar strength.
EURUSD falling today under the effect of the significant U.S. dollar bullishness’ which is the result of the safe-haven inflows into dollar on the deteriorating risk sentiment globally triggered by a the sharp rise of COVID-19 cases in countries from India to Japan. The strengthening of the risk-off sentiment is also visible via the rising Swiss franc and the Japanese yen – as the outlook for the global economy soured. The pair is likely to weaken further in coming days due to U.S. economic outperformance and repricing of ECB rate expectations. The European Central Bank decides policy on Thursday – which will be watched closely by the investors.
Except sellers on upward corrections.
Next support to watch – 1.1980
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