The EUR/USD confirms the breach – Analysis – 20/10/2020

news_22_feb_4_euro_usdThe EURUSD pair confirmed breaching 1.1720 and 1.1745 levels after closing the daily candlestick above them, which push the price to achieve more expected gains in the upcoming sessions, to head towards visiting 1.1865 areas initially, noting that surpassing this level will extend the bullish wave to target the recently recorded high at 1.2011.

Therefore, the bullish trend will be expected for today unless breaking 1.1720 – 1.1700 levels and holding below them.

The expected trading range for today is between 1.1700 support and 1.1865 resistance.

The expected trend for today: Bullish

Origin: Economies

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