EUR/USD Price Outlook| Sell the rallies Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 23, 2020 5:24 AM

EUR/USD appears to have peaked. 1.1875 level will act as an
immediate resistance and cap the upside in the near term.
Selling the rallies in EUR/USD is preferred with initial targets at
1.1740, 1.1690 and 1.1600 respectively.
Stop loss can be placed above the resistance level.
Current price action definitely looks bearish and the downtrend
may accelerate next week.

Comments

CobraVanguard

⋅ Oct 23, 2020 9:16 PM

great
my Analysis

hatem0

⋅ Oct 24, 2020 9:38 AM

Did you take into account the losing hope on the stimulus and the drop in the USD index?
I think you should look at the news while studying the chart.

osasclem

⋅ Oct 23, 2020 9:20 AM

Thanks bro

muqeetforex

⋅ Oct 23, 2020 9:52 AM

@osasclem, welcome

lmulhare

⋅ Oct 23, 2020 8:44 AM

Thanks for sharing :)

Fisher_Fx

⋅ Oct 23, 2020 7:38 AM

yes man. posted this yesterday as well

Pakin004

⋅ Oct 23, 2020 5:42 AM

Thank you Bro