The euro rises on hopes for a recovery fund

20 Jul 2020 02:52 PM

The euro has continued to increase its gains against most major currencies, especially the US dollar, starting the first session of the week at 1.1430 levels, its highest siince March 9.

Investors appear optimistic about the outcome of the EU summit on a potential post-Covid recovery fund for the bloc.

However, bear in mind that the resistance range of 1.1495 / 1.15 remains the level that the price needs to stabilize above to ensure that it continues to rise to 1.15 levels.


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