ALB Limited 25.06.2020
Chart of the Day U.S Dollar Weakening
EURUSD continues weakening as DXY keeps its upward move. It will be important to see how the price reacts between 1.1165-1.1150, as in that region a lot of buyers might come in as we have seen in prior days. If the coronavirus situation in the U.S. gets better we might see the dollar weakening, which would in turn help the Euro hold its support.
But we must wait for the price action to give us a confirmation for the direction from there. My bias would be on a long position from 1.1160, but it will be depending on the day’s close.
