Will EURO fly again post muted session on Thursday

Oct 9, 2020

t was a relatively muted session for EUR/USD Thursday, capped under August’s opening value at 1.1771 on the H4 timeframe. An attempt to draw in fresh bids off October’s opening value at 1.1730 was seen, though price fell short at lows from 1.1732. Overhead, trend line resistance, taken from the high 1.1917, and the 1.18 handle is visible. Beyond here, we do not see much on offer until Quasimodo resistance at 1.1888. Below 1.1730, nevertheless, 1.17 is likely to call for attention.

Suggestion: BUY EURUSD FROM 1.1755-60 SL BELOW 1.1710 TGT 1.1800 ELSE SELL BELOW 1.1700 TGT 1.1640/1600