EURUSD Daily Outlook 03-08-20 - Last week was another rough one for the USD as the Federal Reserve’s policies, uncertainty with the next U.S. government stimulus, and increasing coronavirus fears continued to weigh on the Greenback. Meanwhile, the British pound easily took the top spot among the major currencies, rising higher on counter currency weakness and improving U.K. economic updates.

Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.

On Monday we’ll be eyeing the Markit Manufacturing PMI numbers from the US and the Euro area.



Today I’m looking at the EUR/USD pair which found resistance at 1.19 on Friday and continued its bearish ride during Monday’s Asian session. The pair remains above the Ichimoku cloud even on the 4-hour chart, so there’s a chance it could find support at the upper band of the Ichimoku cloud and the 23% Fibonacci retracement level of 1.1635.Do you think this is it for the EUR/USD pair gains or do you think the drops are temporary?

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