EURUSD October, 09 2020

Technical Analysis
Friday, October 09, 2020 - 10:50
Point Trader Group
EURUSD October, 09 2020

Overview:

The above chart shows that the pair is trading below a strong resistance level around 1.1810, which enhances the downside chances during today's trading.

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 1.1780

Alternative Scenario:

On the other hand, we believe that if the 1.1810 level is broken to the upside, the pair might rise to 1.1850

 

Resistance1.18101.18501.1890
Support1.17801.17501.1720

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