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financialmarketsalgorithms
Sep 24, 2020 12:38 PM

EURUSD- BEARISH MOVE OUT OF TRADING RANGE. CAN TARGET 1.14/1.15. Short

EURO / U.S. DOLLARICE

Description

There has been a bearish resolution to the congestion pattern in EURUSD. THE SUPPORT AT 1.1740has been broken and the pair can target 1.14/1.15 zone which is a 38.2% fib retracement of the larger swing. The top at 1.20 must be broken for Euro trend to change to Bullish.
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