Home Forex News Pound Sterling, Could Keep Gaining

Pound Sterling, Could Keep Gaining

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The dollar has been under pressure Tuesday, with the Pound o and commodity currencies benefiting from the news that European Union leaders have reached an agreement over a recovery fund for the region and amid renewed hopes for a Covid-19 vaccine.

The Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 95.718, having earlier traded at a more than four-month low of 95.687..

TREND : WEAK BULLISH/SIDEWAYS

Time                                      :               21/07/2020

Pivot                                     :               1.2622

Technical View                     :               LONG ABOVE 1.2642

Target                                   :               1.2662, 1.2742, 1.2794, 1.2899

Technical View                     :               SHORT BELOW 1.2602

Target                                   :               1.2582, 1.2545, 1.2451, 1.2388

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