Midday update for the EURUSD 16-10-2020
Economies.com
2020-10-16 10:16AM UTC
The EURUSD pair retests 1.1720 level that was broken previously and keeps its stability below it until now, to keep the bearish trend scenario active for today, affected by the head and shoulders’ pattern that its signs appear on the chart, waiting to head towards 1.1540 as a next main target, reminding you that it is important to hold below 1.1720 and 1.1750 levels to continue the expected decline.
The expected trading range for today is between 1.1610 support and 1.1770 resistance.
The expected trend for today: Bearish
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