Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
The GBP gains on the announcement of the next Prime Minister
Information is not investment advice
Earlier, than it was expected: Boris Johnson is announced a new prime minister of Great Britain. He won 92,153 votes among the members of the Conservative party.🇬🇧 The British pound gained after the announcement. At the moment the cable is testing the resistance at 1.2475 on H4. The next resistance lies at 1.2495. Bears need to pull GBP/USD below the 1.2449 level towards the support at 1.2422 to restore their movement.
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Investors prefer safe-haven assets like gold, the US dollar and the Japanese yen.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.