After the horrible NFP report, last week USD still looks very strong and not letting go of any gains.
UsdJpy is moving to the upside after sliding down to 106.91 two weeks ago,
but this looks like a great selling opportunity because of the US data that will only get worse due to the job loss reports and fed fomc on Wednesday which will most like be cautious one due to deterioration in the economy because of the coronavirus.
On the other side, the curve looks to be flattening in Italy and new cases reports are also declining,
So we can assume the Euro can take a sigh of relieve and we can see the short covering on the euro because of the situation that is getting better.
Gbpusd did get a momentum earlier the day but end up losing all the gains because of news concerned related to UK Prime Minister Boris Johnson who is now hospitalized and in the intensive care unit,
so we can expect more selling pressure on the pair and 1.2000 is just a matter of time now.
USDCHF looks like a good trade on the radar because of 100 and 200 Moving averages.
The pair just crossed the 100 moving average and closed above it and now 200 moving average which sits on 0.9800 will act as resistance and take the pair down to 0.9600 but if it closed above 0.9800 than 1.000 is a possibility.
UsdJpy is moving to the upside after sliding down to 106.91 two weeks ago,
On the other side, the curve looks to be flattening in Italy and new cases reports are also declining,
So we can assume the Euro can take a sigh of relieve and we can see the short covering on the euro because of the situation that is getting better.
Gbpusd did get a momentum earlier the day but end up losing all the gains because of news concerned related to UK Prime Minister Boris Johnson who is now hospitalized and in the intensive care unit,
so we can expect more selling pressure on the pair and 1.2000 is just a matter of time now.
USDCHF looks like a good trade on the radar because of 100 and 200 Moving averages.
The pair just crossed the 100 moving average and closed above it and now 200 moving average which sits on 0.9800 will act as resistance and take the pair down to 0.9600 but if it closed above 0.9800 than 1.000 is a possibility.
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