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16.07.202014:49 Evening review on EUR/USD for July 16, 2020

Exchange Rates 16.07.2020 analysis

The euro attempts to grow after the decision of the ECB on Thursday, July 16.

On its press conference, the ECB decided to leave the rate at 0% and continued the asset purchase program at 1.35 trillion euros at least until June 2021.

Meanwhile, long-term unemployment in the US fell from 18 million to 17.76 million and its employment grew by about 240 thousand per week. This is a significant slowdown.

EUR/USD:

You may keep purchases from 1.1345 with the first target of 1.1520.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2020
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