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Technical Analysis

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD October, 29 2020

Technical Analysis
Thursday, October 29, 2020 - 03:24
Point Trader Group
EURUSD October, 29 2020

Overview:

prices are moving in an upward short-term direction.

Expected:

The pair is trading above a strong support level around 1.1719, which enhances chances of a bullish move during today's trading to 1.1790.

Alternative Scenario:

We think that if the 1.1719 level is broken to the downside, this pair might push down to 1.1689. 

Resistance1.17901.18001.1830
Support1.17191.16891.1650

*Risk Disclaimer: 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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