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

2020-03-06T11:00:42

Relevance until2020-03-07

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

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