EURTRY September, 01 2020

Technical Analysis
Tuesday, September 01, 2020 - 15:04
Point Trader Group
EURTRY September, 01 2020

Overview:

The above chart shows that the pair is trading below a strong resistance level around 8.8440, which enhances the downside chances during today's trading.

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 8.7200

Alternative Scenario:

On the other hand, we think that if the level of 8.8440 was broken to the upside, the pair might rise to 8.9000


 

Resistance8.84408.90008.9500
Support8.72008.71008.7000

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