EURUSD: Daily Chart Oct. 7th -9th

8 באוק׳ 2020

Eur/Usd in short-term uptrend (retracement/liquidation). After contending weekly support @ 1.1700 buyers momentum pushed the market back into our daily range (1.1700-1.2000). Buyers now coming in @ 1.17500-1.17650 (previous weekly/daily support) 4 hourly bearish signals above 1.18500 (61.8% of initial bearish impulse down) will signal swing trades into 1.1500-1.14500. Strong daily closure above 1.1800 will allow price to retest the upper range of our consolidation @ 1.1900-1.2000
*Daily Support 1.17500
*Daily Resistance 1.1800