KQMarkets
Long

EURUSD - Long - Strong Upward Momentum

FX:EURUSD   Euro / U.S. Dollar
We still see EURUSD moving higher as long as it doesn't consolidate below key support at 1.13 as it has strong upward momentum since the FED emergency 50 bps rate cut. However, the currency pair could drop if the ECB cuts rates on Thursday and due to further downward pressure as a result of the severity of the impact of the coronavirus on Italy.

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