EURUSD More Price Strength Envisaged

FXAssure • by Mohammed Isah

Forex Trades • Oct 20, 2019 at 3:26 PM EDT

With the euro/dollar pair retaining its recovery threats after closing higher the past week, more gain is expected.

EURUSD with the pair retaining its recovery threats after closing higher the past week, more gain is expected.

Support comes in at the 1.1100 where a break will turn risk to the 1.1050 level. A breach below here will target the 1.1000 level. Further down, support stands at the 1.0950.

Conversely, on the upside, resistance comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1250 level. Further up, resistance lies at the 1.1300 level. A cut through that level will clear the way for a move towards the 1.1350 level.

All in all, EURUSD expects more gain in the days ahead

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