EURUSD September, 23 2020

Technical Analysis
Thursday, September 24, 2020 - 00:52
Point Trader Group
EURUSD September, 23 2020

Overview:

The above chart shows that the pair is trading below a strong resistance level around 1.1715, which enhances the downside chances during today's trading.

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 1.1632

Alternative Scenario:

On the other hand, we believe that if the 1.1715 level is broken to the upside, the pair might rise to 1.1745


 

Resistance1.17151.17451.1760
Support1.16321.16151.1600

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