Eur/Usd: 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) 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 @ 1.190-1.200
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Daily Support @1.17500
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Daily Resistance @ 1.1800