EURUSD: All eyes on the DXY

EURUSD: All eyes on the DXY

From go.monetamarkets.com

The EURUSD came under pressure breaking down from a bear flag formation. Currently, the pair is sitting on support at 1.1700. The risk-off flows seen during yesterday’s trading session was a result of an increased number of hospital admissions across the EU and the possibility of further restrictions coming back into play. The recent surge in Covid-19 cases has put a dent in the EU’s economic recovery plan. On Thursday France reported an additional 30,000+ cases, up from 22,000 the day previous. Italy, Poland and Germany all recorded their largest daily rise in Covid-19 infections. To add even more fuel to the ... (full story)

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