Based on my analysis and the current events, EU short to 1.116 looks like a go. The key will be breaking that point and seeing a push to the 1.109 range and beyond.
With bigger states having their larger companies re close because of a second Corona Virus wave, A good sign for our bears to continue would be breaking that 1.114 marker than finding them selves hungry to reach the 1.110 target.
On the other hand if we do not break that 1.114 support and see a break past 1.120, there is potential the bears fight to bring her...
I believe with the unemployment rate spiking again and a second wave coming we are going to test critical lows of 1.17 before making a push to the 1.109 range.
Success 15-57 pip
The long showed an uptrend Prior to Covid. With the second wave on the rise we could see a deeper bearish take over creating new resistance along the way. The report tonight will help guide use on which path to take. The plan is to hold for about a week. I am new to the game so please give me feedback! Thanks