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EURUSD August, 05 2020
Overview:
The chart above shows that the pair is trading below a strong resistance level around 1.1903, which enhances the chances of falling during today's trading
Expected:
Continuing trading below the aforementioned resistance level, could push the pair to the downside to 1.1859
Alternative Scenario:
On the other hand, we see that if the 1.1910 level is broken up, this pair could be pushed up to 1.1960
| Resistance | 1.1910 | 1.1950 | 1.1980 |
| Support | 1.1859 | 1.1830 | 1.1800 |
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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