EURUSD supported by co-ordinated stimulus measures
Summary
By sueyangfx.com July 28, 2020 at 07:52AM EURUSD and EURGBP upside bias The recent decline in the USD has been supporting the EURUSD. The EURUSD is sometimes known as the ‘anti-euro’ index due to the strong EUR component of the […]
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July 28, 2020 at 07:52AM
EURUSD and EURGBP upside bias
The recent decline in the USD has been supporting the EURUSD. The EURUSD is sometimes known as the ‘anti-euro’ index due to the strong EUR component of the Dollar Index. As a result they have a strong negative correlation. When the Dollar Index falls the EURUSD rises and vice versa. However,