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EURUSD January, 23 2020
Overview:
The chart above shows that the pair is trading above a strong support level around 1.1070 as the pair bounced up around this level previously and the same scenario may be repeated again
Expected:
Continuing trading above the aforementioned support level may push the pair to rise to 1.1120
Alternative Scenario:
On the other hand, we see that if 1.1070 breaks down, it could push the pair down to 1.1000
| Resistance | 1.1120 | 1.1150 | 1.1180 |
| Support | 1.1070 | 1.1050 | 1.1000 |
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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