EURUSD losses to be extended today. Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 28, 2020 7:20 AM

EURUSD - Intraday - We look to Sell

Posted a bearish Flag formation.
A break of 1.1775 is needed to confirm the outlook.
Pivot resistance is at 1.1793.
Our outlook is bearish.
A sequence of intraday lower lows and highs has been posted. The bias is to break to the downside.

Our profit targets will be 1.1732 and 1.1712

Resistance: 1.1790 / 1.1800 / 1.1835
Support: 1.1775 / 1.1760 / 1.1750

Trade active

⋅ Oct 28, 2020 8:21 AM

Trade closed: target reached

⋅ Oct 28, 2020 1:25 PM

Take profit 1 hit!