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Friday 07/08/2020 - How the Euro is going long against the Dollar

Updated: Oct 29, 2020

The Euro seems to have been going long for the last couple of months for many reasons, the biggest being of course the given situation with Coronavirus and how it's impacting the world.


As the US Dollar seems to be taking strain from all directions what with Covid-19, Bullish movement from the Euro seems to be on everyone's radar, and rest assured the EU is over the moon about the results of the currency.


It seems that this week has since had some push back from the dollar, however overall the Euro seems to have the edge!


We could be standing on the of a very long in depth charge for upward growth as the EURUSD pushes on. Could it be filled with the stresses and hiccups we have seen from the past such as we saw in 2008 to early 2011, who's to say. What we do need to keep in our line of sight is how this currency pair fairs week on week, but rest assured we are all likely to see an upward trend until the US can get a handle on the virus.


Take a look at the next two charts for a quick insight into this currency pair for yourself!




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