Daily Chart - Eur/Usd Oct. 7-9

7 באוק׳ 2020

Eur/dollar in a short-term uptrend (liquidation/retracement). After contending weekly support @ 1.1700 buyers momentum pushed the market back into our daily consolidation range (1.1700 - 1.2000). Looking for sells above 1.18500 (61.8% of initial bearish impulse down) Daily Support @ 1.17500 (previously a weekly support turned resistance) && Daily resistance @ 1.18000