Midday update for the EURUSD 19-10-2020
Economies.com
2020-10-19 10:05AM UTC
The EURUSD pair shows positive trades to test the key resistance 1.1745, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, waiting to break 1.1720 to reinforce the chances of heading towards 1.1540 that represents our next main station, noting that breaching 1.1745 will push the price to achieve additional gains that reach 1.1825 initially.
The expected trading range for today is between 1.1610 support and 1.1780 resistance.
The expected trend for today: Bearish
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