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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
| Resistance | 8.8440 | 8.9000 | 8.9500 |
| Support | 8.7200 | 8.7100 | 8.7000 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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