Overall, EUR/USD is trending upwards. Recently, EUR/USD broke the resistance level of 1.09700.
Yesterday, the European Commission announced a 750-billion-euro recovery fund plan, of which 500 billion euros will be in the form of grants and 250 billion euros in the form of loans. However, Austria, Denmark, the Netherlands and Sweden are still against the recovery fund being distributed as grants. The leaders of the 27 EU member states will be meeting on 18 June to reach a consensus on the specifics of the recovery fund.
EUR/USD’s next resistance level of 1.11200 and the next support level is at 1.09700.
Look for buying opportunities of EUR/USD.
Yesterday, the European Commission announced a 750-billion-euro recovery fund plan, of which 500 billion euros will be in the form of grants and 250 billion euros in the form of loans. However, Austria, Denmark, the Netherlands and Sweden are still against the recovery fund being distributed as grants. The leaders of the 27 EU member states will be meeting on 18 June to reach a consensus on the specifics of the recovery fund.
EUR/USD’s next resistance level of 1.11200 and the next support level is at 1.09700.
Look for buying opportunities of EUR/USD.
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