Trading signals

EUR/USD

EURUSD

The upbeat EU data supported the euro, however, the market might become negative any moment now amid coronavirus explosion and uncertainty regarding the US elections. 

 

The main scenario is a strengthening towards 1.1890.

An alternative scenario is a retreat to the 1.1800 area.

 

Trading recommendations

 

The euro may continue advancing north and may reach 1.1890, but first bulls need to regain 1.1860.

If sellers retake 1.1830, they will drive EUR/USD towards 1.1800.

 

New articles