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Company does not offer investment advice and the analysis performed does not guarantee results.
The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Corona virus summary:

Exchange Rates 29.06.2020 analysis

China's military has approved a coronavirus vaccine for use within its ranks that has been developed by its research unit and a biotech firm.

More than half of 17 candidate vaccines identified by the World Health Organization that are in clinical evaluation involve Chinese companies or institutes.

Hong Kong-listed CanSino Biologics said in a filing to the stock exchange that data from clinical trials showed the Chinese military vaccine had a "good safety profile" and potential to prevent disease caused by the coronavirus.

Technical analysis:

EUR/USD has been trading upwards as I expected. The price reached our second target from Friday at the price of 1,1280. Anyway, I still see potential for the upside continuation and rally towards the 1,1325 and 1,1350.

Trading recommendation:

Watch for buying opportunities on the dips due to strong upward trend and breakout of the 2-day balance to the uspide.

Upward targets are set at the price of 1,1325 and 1,1350.

Performed by Petar Jacimovic
Analytical expert of InstaForex
© 2007-2020

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