EUR/USD is shaking in the low-1.1300s on turnaround Tuesday, looking to add to Monday’s strong gains although losing some upside momentum in the 1.1350 regions so far.
In fact, the pair regained buying interest at the beginning of the week in response to a wave of selling pressure around the buck, particularly after the Federal Reserve announced extra purchases under its Secondary Market Corporate Credit Facility (SMCCF)
The EUR/USD pair gained 0.04% at 1.1327 and a breakout of 1.1422 (weekly/monthly high Jun.10) would target 1.1448 (50% Fibo of the 2017-2018 rally) en route to 1.1495 (2020 high Mar.9).