EUR/USD Outlook (27 April 2020)
Overall, EUR/USD is trending downwards. Recently, EUR/USD moved higher, breaking the resistance level of 1.08000.
Last Friday, European Commission’s Head of Task Force Michel Barnier said that a joint decision between the EU and UK would be taken on 30 June on whether the Brexit transition period will be extended.
EUR/USD’s next support level is at 1.00800 and the next resistance level is at 1.10000.
With the poor flash PMI data released last week, look for selling opportunities of EUR/USD.
Last Friday, European Commission’s Head of Task Force Michel Barnier said that a joint decision between the EU and UK would be taken on 30 June on whether the Brexit transition period will be extended.
EUR/USD’s next support level is at 1.00800 and the next resistance level is at 1.10000.
With the poor flash PMI data released last week, look for selling opportunities of EUR/USD.
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