[EUR] Euro's Continuous Attempt to Hurdle Over 1.13 2020 0706

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] Euro's attempt on exceeding 1.13 2020 0629
cf. [EUR] Euro in the Correction 2020 0624
cf. [EUR] Unstable Euro 2020 0619

Gjallarhorn keeps the long position of futures, euro-FX, which is liquidated on September, and it is in the loss section.

One of the major currency pair EUR/USD begin to rise in the Asian morning. It tries to break through 1.13.

It already broke through the short-term downward trend line and reached the upper band of Bollinger Bands in the four-hour chart. The pair is above the 120 Exponential Moving Average in the weekly chart.

The momentum of euro supports euro to rise over 1.13. But it's not certain that euro will rise over 1.13 and keep the upward trend easily. Euro dropped from 1.14s and attempted to exceed 1.13 several times since mid June, but it has failed.

To look at the euro keeping 1.13 against dollar, we need to watch its attempts more. It retreated to the downward trend line and records 1.1285 as of 08:14(GMT).

Yonhap Infomax, economy news agency reported southern U.S. postponed reopening of economy and the recovery of U.S. economy could be slower if the blockage of economy spread quoting DowJones.

And EU leaders meet on July 17 and 18 and try the final agreement about Europe recovery fund package. They will discuss EU MFF, spokesperson of European Council said on his twitter.

Some countries in Euro zone have been opposed the supporting way of the recovery fund by European Council, and it has been doubted the package will be passed in the committee.

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