EURUSD August, 03 2020

Technical Analysis
Monday, August 03, 2020 - 16:39
Point Trader Group

Overview:

The chart above shows that the pair is trading at the strongest support level around 1.1698, which enhances the chances of the upside in today's trading

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 1.1750

Alternative Scenario:

On the other hand, we see that if the 1.1698 level breaks down, it could push the pair down to 1.1650

 

Resistance1.17501.17751.1800
Support1.16981.16801.1650

  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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