29.06.2020 EUR/USD Daily Analysis

29.06.2020 EUR/USD Daily Analysis

EUR/USD has been confined to a range for most of the month with sellers stepping in near the 200-week moving average while buyers have defended the 1.1200 area. In terms of economic releases, the US jobs report later in the week will be widely watched. Analysts expect the unemployment rate to improve to 12.5%. The jobs market was much stronger than expected at the last reading with the unemployment rate printing at 13.3% in May while the estimate was for an increase to 19.4%. Black lives celebrated and mourned at emotional BET Awards. The awards show, broadcast live for the first time in its 20-year history on America's mainstream CBS channel, featured commercials from the likes of Coca-Cola (NYSE:KO), Ford, Nissan (OTC:NSANY), P&G, L'Oreal and Facebook (NASDAQ:FB) that both celebrated the achievements of Black people and highlighted the challenges they face.