24 Juni 2020, EUR/USD
EURUSD trading plan:
The bullish rally in the gold market will have a positive impact on the value of the European currency. Traders worries about rising numbers of COVID-19 cases globally and expectations of further stimulus measures giving the yellow metal a boost. Precious metal got a further boost from U.S. Treasury Secretary Steven Mnuchin’s statement that the next U.S. stimulus bill would focus on getting people back to work quickly, with a further delay of the tax filing deadline also under consideration.
Trading recommendation: Buy 1.1310 and take profit 1.1360.