EURUSD Continues Correction To 1.1072 - 1.1030 While Trading Below 1.1107

Forex Trader • Oct 25, 2019 at 4:40 AM EDT

The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.1107, which will be followed by reaching support level 1.1072 and 1.1029.

EUR/USD, Friday forecast, October 25

The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.1107, which will be followed by reaching support level 1.1072 and 1.1029. An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1107, which will be followed by moving up to resistance level 1.1150 and if it keeps on moving up above that level, we may expect the EUR/USD pair to reach resistance level 1.1200.

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