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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD August, 27 2020

Technical Analysis
Thursday, August 27, 2020 - 17:04
Point Trader Group
EURUSD August, 27 2020

Overview:

The above chart shows that the pair is trading below a strong resistance level around 1.1850, which enhances the downside chances during today's trading.

Expected:

Continuing trading below 1.1850 could push the pair down to 1.1800

Alternative Scenario:

On the other hand, we see that if the 1.1850 level is broken to the upside, the pair might rise to 1.1900

Resistance1.18501.18801.1900
Support1.18001.17701.1750

*Risk Disclaimer: 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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