. #EUR #USD Analysis Profit taking kicks in as focus turns to Fed Analysis
http://ntvforex.com/news/?id=b26da8. . 7 28 2020 5 36 08 AM . . . . #EUR #USD continued scaling higher on Monday amid a broad based #USD weakness. . The continuous rise in COVID 19 cases fueled speculations of a dovish Fed outlook. . Overbought conditions prompted some profit taking ahead of the FOMC meeting. . The #EUR #USD pair prolonged its recent strong bullish momentum and rallied to its highest level since September 2018 on the first day of a new trading week amid a broad based US dollar weakness. Investors remain worried that the economic recovery in the US could be grinding to a halt in the wake of the resurgence in coronavirus cases. This, in turn, fueled speculations of more stimulus from the Fed and continued …

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