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Euro to dollar EURUSD forecast today 05/27/2020

The dollar basket index USDX on the eve fell by 1%, which was the largest intraday decline since March 27. The dollar fell both against the currencies of developed economies and against developing ones, which indicates a strong trend against the US currency. The dynamics of the debt market confirms this trend: the yield spread of 10-year German / US government bonds is growing. The only thing that bothers you is the high volume of repo transactions in the American interbank lending market. On Tuesday, US banks borrowed $ 34.5 billion from the Fed, the highest level in two weeks. Bankers are in need of dollars and in such periods the dollar does not fall much. Now the quotes of the EURUSD pair are in the area of ​​psychological level 1. 1000 - the pair tried to break this level twice in the last 4 weeks, but both attempts were unsuccessful. Given the increased demand for repos, today's third attempt may also be unsuccessful. But if the euro nevertheless breaks this level today and closes the day above 1.1018, then forex traders will find a good uptrend on Thursday-Friday.

EURUSD recommendation: flat 1.0930 -1.1020



Views: 110 | Added by: mik | Date: 27.05.2020 | Comments (0)

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