Forex

Midday update for the EURUSD 23-10-2020

2020-10-23 10:36:04 GMT (Economies.com)

The EURUSD pair bounced upwards clearly after leaning on the EMA50, to head towards potential test to the key resistance 1.1880, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active for today, waiting to break 1.1790 level to open the way to achieve our main expected target at 1.1720.

 

The expected trading range for today is between 1.1720 support and 1.1880 resistance.

 

The expected trend for today: Bearish temporarily

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