EUR - BEARISH
1️⃣ Investors fear that rising cases of the COVID-19 disease across Europe could force governments in the region to re-impose lockdown measures and hamper the global economic recovery.
2️⃣ Europe, business activity fell for a second successive month after July’s brief return to growth.
USD - BULLISH
1️⃣ House approved a bill to keep the government funded through December and avoid a shutdown before the election.
2️⃣ The US currency also found support after Fed's Evans struck a hawkish tone by noting that the central bank could raise rates before inflation averages 2%.
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TECHNICAL
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- We are looking to short this pair on SBR level on H1 chart.
- EURUSD in bearish zone.
1️⃣ Investors fear that rising cases of the COVID-19 disease across Europe could force governments in the region to re-impose lockdown measures and hamper the global economic recovery.
2️⃣ Europe, business activity fell for a second successive month after July’s brief return to growth.
USD - BULLISH
1️⃣ House approved a bill to keep the government funded through December and avoid a shutdown before the election.
2️⃣ The US currency also found support after Fed's Evans struck a hawkish tone by noting that the central bank could raise rates before inflation averages 2%.
=====
TECHNICAL
=====
- We are looking to short this pair on SBR level on H1 chart.
- EURUSD in bearish zone.
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