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

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