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GOLDFXCC
Oct 20, 2019 6:12 PM

EURUSD 1D Long

Euro Fx/U.S. DollarFXCM

Description

- The EURUSD price actions likely move higher in line with the USD currency index moving lower. According to the strength and weakness table the Euro shows gaining strength which adds confluence to this market moving higher.
- EURUSD continues to break higher in line with the USD index, if the price was to retrace from here, we could expect the recent resistance of 1.1070 act as support for trend traders now the higher high has been confirmed.
- Potential target to reach: 1.12150 - 1.12500 - 1.13300 long term.

Regards, GoldfXcc Team


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