The EURUSD activates the negative scenario – Analysis - 30-10-2020

2020-10-30 04:44:37 GMT (Economies.com)
 

The EURUSD pair confirmed breaking 1.1720 level after closing the daily candlestick below it, to activate the bearish trend scenario on the intraday and short term basis, targeting visiting the next correctional level at 1.1540.

 

Therefore, we suggest witnessing more decline in the upcoming sessions, taking into consideration that breaching 1.1720 followed by 1.1750 levels will stop the negative scenario and leads the price to recover again.

 

The expected trading range for today is between 1.1600 support and 1.1750 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1923
0.0029
0.2451%
1.3327
-0.0056
0.4151%
Tadawul
8693.47
65.41
0.76%
23.235
-0.811
3.373%
45.340
2.515
5.873%
48.14
0.30
0.63%
1807.810
-58.700
3.145%
 
 
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