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FX.co ★ Evening review on EUR/USD on March 6, 2020. The euro is rising, whereas the dollar is falling

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Forex Analysis:::2020-03-06T11:00:42

Evening review on EUR/USD on March 6, 2020. The euro is rising, whereas the dollar is falling

 Evening review on EUR/USD on March 6, 2020. The euro is rising, whereas the dollar is falling

EUR/USD. Daily chart.

The euro has reached 1.1304.

Obviously, stops above 1.1280 worked.

This is a good bid for a trend against the dollar: the dollar is falling against the franc, the yen, and the pound.

The situation is partly caused by the Fed's rate cut.

Keep buying from 1.1100. Expect a strong pullback in the daily scale.

The US employment report will be released at 14:30 London time.

Analyst InstaForex
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