Hello traders,
I am just sharing my thoughts about EUR/USD pair and at this point price can go either way Up or Down.
As it is shown on the price chart we are exactly at the middle of the range where we found a support based on previous candles tops and several bottoms at this particular price level.
I personally am more inclined to think that the price will test one more time the 1.10 price level resistance because of the EU statements about relaunching the economy and countries such as Spain, Italy and Germany which wore the most targeted by the new Corona Virus, now are showing less confirmed cases per day, and another reason for that is because the bullish scenario is the path with the least resistance on the way.
And if it will fail again to breach the 1.10 resistance price level, it will head towards the Lower Support level as shown on the price chart at 1.07764.
Have a great weekend everybody and stay safe !
If this helped you feel free to give a like :)
I am just sharing my thoughts about EUR/USD pair and at this point price can go either way Up or Down.
As it is shown on the price chart we are exactly at the middle of the range where we found a support based on previous candles tops and several bottoms at this particular price level.
I personally am more inclined to think that the price will test one more time the 1.10 price level resistance because of the EU statements about relaunching the economy and countries such as Spain, Italy and Germany which wore the most targeted by the new Corona Virus, now are showing less confirmed cases per day, and another reason for that is because the bullish scenario is the path with the least resistance on the way.
And if it will fail again to breach the 1.10 resistance price level, it will head towards the Lower Support level as shown on the price chart at 1.07764.
Have a great weekend everybody and stay safe !
If this helped you feel free to give a like :)