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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
| Resistance | 1.1810 | 1.1850 | 1.1890 |
| Support | 1.1780 | 1.1750 | 1.1720 |
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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