EUR/USD Bounce or Break?

2020年7月19日

Looking at the hourly chart, the pair has broken through and re-tested the June highs a few times now and seems to be finding strong resistance around 1.1440. Simply looking for a bounce or a break of this level confirmed by strong price action and volume. The calendar is light this week so I will be watching for any breaking news about the EU recovery package and also the US is supposed to be making a decision about more stimulus very soon. The overall risk sentiment was positive last week with major US stock indices up once again for the week, so any positive news about stimulus could keep risk sentiment in the green.