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EURUSD October, 19 2020

Technical Analysis

Monday, October 19, 2020 - 12:34

Point Trader Group

EURUSD October, 19 2020

Overview:

The above chart shows that the pair is trading above a strong support level around 1.1770, which enhances the bullish chances during today's trading.

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 1.1820

Alternative Scenario:

On the other hand, we think that if the 1.1770 level is broken to the downside, this pair may push down to 1.1720.

Resistance	1.1800	1.1820	1.1850
Support	1.1770	1.1720	1.1700

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