The EUR/USD awaits confirmation signal – Analysis – 15/10/2020

news_22_feb_2_euro_usdThe EURUSD pair continues to fluctuate within tight track, and still confined between the trend confirmation levels represented by 1.1720 support and the resistance that rises now to 1.1815, which makes us continue with our neutrality until we get clearer signal for the next trend.

We remind you that breaking the mentioned support will press on the price to achieve more bearish correction and head towards 1.1540 areas as a next correctional station, while breaching the resistance will lead the price to resume the main bullish trend that its targets begin at 1.1920 and extend to 1.2011.

The expected trading range for today is between 1.1670 support and 1.1840 resistance.

The expected trend for today: Depends on the above mentioned levels

Origin: Economies

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