EURUSD Ntxiv rau Cov Nyiaj Tau Los Tsis ntev los no Zoo Tshaj 1.13 Mark, Surging COVID-19, Risk-On Mood Undermined USD

Azeez Mus

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Kev Tshawb Fawb EURUSD - Lub Xya Hli 13

EURUSD lengthens the recovery from the lows near 1.1257 level of Friday and accumulates ground on Monday around 1.1335/55 band. Fears about the second wave of coronavirus diseases have taken its toll on the global context of risk and driven some haven flows toward the USD.

Cov Ntsiab Tseem Ceeb
Kuj qib: 1.1495, 1.1422, 1.1350
Kev Txhawb Kev Txawj: 1.1257, 1.1183, 1.0950
EURUSD Qhov Sijhawm Sijhawm Lij Choj: Bullish
Daily, EURUSD is rising 0.47 percent in trade at a level of 1.1354, as the pair heads to the high of 1.1371 level in July. EURUSD is going back to its latest high level of July at 1.1371, beyond which is the trough of June at 1.1422 level.

This might continue in play as the cross stays past the level of 1.1257 beyond the two-month support line and, more specifically, beyond the low level of 1.1183 July 1. Initial upside pressure should be held past the level of 1.1257 beyond the low of Friday.
EURUSD Lub Sij Hawm Luv Luv: Khwv
At this point, the intraday bias in EURUSD remains stable. On the upside, the high level beyond 1.1371 may reach 1.1422 level. The breach may regain a bigger increase from 1.0635 to 1.1495 main resistance.

On the contrary, though, a breach of 1.1257 lower support level may shift the bias back to the downside, expanding the rebound to a 38.2% retraction of 1.0635 to 1.1422 at 1.1146 levels.

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Azeez Mus

Azeez Mustapha yog tus kws tshaj lij kev lag luam, tus kws tshuaj xyuas nyiaj txiag, teeb tsa tus tswv yim lag luam, thiab tus tswj nyiaj txiag nrog ntau dua kaum xyoo ntawm kev paub dhau los hauv kev lag luam nyiaj txiag. Raws li blogger thiab tus sau nyiaj txiag, nws pab cov tswv lag luam nkag siab cov ntsiab lus nyiaj txiag nyuaj, txhim kho lawv cov peev txheej peev txheej, thiab kawm paub tswj hwm lawv cov nyiaj li cas.

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