FX.co ★ Trader's diary for June 16, 2020

The US market closed with strong growth on Monday. The Fed's announcement of a large-scale purchase of bonds of American companies pushed the market up. Following this, oil has also begun to roll back up. It seems like the market is playing for a quick economic recovery. In addition, current prices are too low for shale oil producers in the United States, and production and supply may decrease.

EURUSD:

You may consider purchases from 1.1340 with the target of 1.1500.

We are expecting news in the USA about retail sales at 12:30 UTC.