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EUR/USD Maintains Upward Trend

M. Ali 21 July, 2020 1:35 am Forex Market, Market Update

The Euro (EUR) rose against the US Dollar (USD) on Monday, supported by positive reports about COVID-19 vaccine trials and news that European leaders are nearing an agreement about a EUR 750 million recovery fund.

The EUR/USD is currently trading at 1.14428, up by 0.15% for the day.

Earlier today, the pair was at its highest level in more than four months after trading at 1.14677.

Meanwhile, the pair’s lowest point today was near ‪1.14020, showing its strong performance throughout the day.

Support Levels: 1.1411 – 1.1375 – 1.1346

Resistance Levels: 1.1476 – 1.1505 – 1.1541

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