EUR/USD: Flying Above 1.18 With The Fed? Why Dollar Weakness Outweighs Overbought Conditions
Wednesday, July 29, 2020 5:48 AM EDT
Overbought, so what? That seems to be the mantra for EUR/USD in the past week – pushing the pair to the highest since September 2018 with little pause for thought. It could happen again, this time fueled by the Federal Reserve.